Government News

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…

Source-site Washington, D.C. – Today the Consumer Financial Protection Bureau (CFPB) released a bulletin detailing student loan servicers’ obligation to halt unlawful conduct regarding borrowers’ eligibility and benefits under the Public Service Loan Forgiveness (PSLF) Waiver. The bulletin recommends actions servicers…

Source-site Although it seems self-evident that the uniqueness of a particular person can be more readily confirmed when many pieces of identifying information about them are considered, consumer reporting agencies (CRAs) like Equifax, Experian, TransUnion and background screening companies have…

Source-site In what will undoubtedly come as a relief to taxpayers who are tired of getting mail from the IRS, the agency announced Wednesday that it is suspending more than a dozen automated letters so it can catch up on…