Government News

Source-site The Federal Trade Commission (FTC) took action against a firm that used a government website as part of its scheme connected with consumer credit reports. This week, the FTC obtained an order halting a credit repair scheme that allegedly…

Source: site Already with a heightened interest in vehicle repossessions, the Consumer Financial Protection Bureau (CFPB) announced changes last week to its supervisory operations involving what it deems to be illegal discrimination, including in situations where fair lending laws may not…

Source-site Connecticut regulators have opened an investigation into wage garnishment and payment demands by United Illuminating and Eversource of their customers during the pandemic despite a shut-off moratorium for nonpayment. Pictured here in 2018, a line crew for United Illuminating…

Source-site Securities and Exchange Commission Chair Gary Gensler delivered his remarks on Thursday March 10 before the Investor Advisory Committee that was devoted to the use of artificial intelligence in robo-Advisory services and cybersecurity disclosures.  Gensler, who has previously raised…

Source-site A&B ABstract: On February 24, Governor Kathy Hochul signed into law Assembly Bill 8771 (2022 N.Y. Laws 48), amending single point of contact requirements for certain delinquent borrowers.  What changes does the measure require for servicer protocols? New York SPOC…

Source-site WASHINGTON (Reuters) -American Express Co said on Sunday it was suspending all operations in Russia and Belarus, joining a growing number of Western corporations to boycott business there over Moscow’s invasion of Ukraine. © Reuters/DADO RUVIC A credit card…

Source-site CALIFORNIA — Interest levied by California courts on unpaid consumer and personal debt would be cut by more than half if a bill introduced by state Sen. Nancy Skinner, D-Oakland, becomes law. Skinner announced the introduction of SB 1200…

Source-site Digital payment company Block, run by CEO Jack Dorsey, is now being investigated by the Consumer Financial Protection Bureau and several state attorneys general regarding its Cash App service, Bloomberg wrote Friday (March 4). The CFPB has requested information…

Source-site Throughout the COVID-19 pandemic, growing rent debt and the possibility of widespread evictions have been a major worry for many households and for the economy as a whole. Renters are more likely to work in the sorts of lower-wage occupations that…

Source-site Partnerships with state attorneys general will expand collaborative information-sharing agreements and illegal robocall enforcement between the FCC and agencies across the U.S.   Federal Communications Commission Chair Jessica Rosenworcel recently welcomed new state law enforcement leaders to the agency’s…