Mon.Mar 15, 2021

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CFPB Rescinds “Abusive” Policy Statement, Signaling Broader And More Aggressive View of “Abusive” Authority

Collection Industry News

In a significant but unsurprising move, the CFPB announced today that it was rescinding a policy statement issued in January 2020 that sought to tether the Bureau’s “abusive” authority to certain limiting principles. Chopra’s nomination was sent to the Senate this week after the Senate Banking Committee vote resulted in a 12-12 tie.

Banks 40
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Chasing Points: How Many of Us Use Credit Cards Just for the Rewards?

Credit Corp

Our data is based on an online survey of 1,790 US adults born between 1928 to 2002 commissioned by Finder and conducted by Pureprofile in September 2020. The survey asked respondents whether they have spent on a credit card because of the rewards program and, if so, how much have they spent in the past 12 months. Methodology.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Federal Activities: On March 12, the U.S. On March 11, the Consumer Financial Protection Bureau (CFPB or Bureau) announced it is rescinding its January 24, 2020 policy statement, “Statement of Policy Regarding Prohibition on Abusive Acts or Practices.” State Activities. Privacy and Cybersecurity Activities.

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The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC

In this webinar, you'll be provided with a clear overview of the Anti-Money Laundering Act of 2020 (AMLA), which also includes the Corporate Transparency Act (CTA). March 22nd, 2023 at 9:30 am PDT, 12:30 pm EDT, 4:30 pm GMT The AMLA represents the most significant changes in U.S.

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How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! March 17, 2022 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST The days of a “once in a while” attack against businesses and organizations are over. Cyberthreats have become a serious issue. DRaaS as the last line of defense.