Financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data, and they may be held liable for putting those data at risk, according to a circular published by the […]
Consumers’ use of their own financial data and how technology companies’ activities may require consumer reporting are two rules under consideration by the federal consumer financial protection agency, its director indicated Wednesday. Speaking to a […]
Claims that a faulty algorithm has caused overdrafts and overdraft penalties for customers has led to an action – including a $2.7 million fine – by the federal consumer financial protection agency against a San […]
Tech firms that use behavioral targeting in their marketing of individual consumers regarding financial products are liable for violations if they do not comply with federal consumer finance protections, the federal consumer financial protection agency […]
Two key rate changes were approved by the Federal Reserve Board in connection with the central bank’s July 27 increase in the federal funds target rate, according to notices Tuesday in the Federal Register on […]
Steps underway now and plans going forward to move to new rates or to update fallback language in a reference rate that goes out of existence next summer are the subject of a survey being […]
Amber Gravius has been named Director of the Office of Business Innovation and Chief Data Officer for the National Credit Union Administration (NCUA), the agency announced Tuesday. According to the NCUA, Gravius previously served in […]
A final rule to require the collection and reporting of small-business loan data under Regulation B (Equal Credit Opportunity Act) is slated for action about March 2023, according to the latest regulatory agenda published by […]
Two directors workshops focusing on credit risk and operational risk are scheduled in Orlando, Fla., Sept. 13 and 14, the agency said Monday. The workshops, hosted by the Office of the Comptroller of the Currency […]
Two events – one virtual, the later one in person – are slated for August and September to begin a discussion with financial institutions and their providers on implementation of an upcoming small-business lending data […]
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