Last month, the Federal Deposit Insurance Corporation (“FDIC”) took action against a bank for alleged unsafe or unsound banking practices. This, in and of itself, is not usual or newsworthy. What is unusual and newsworthy,...more
12/14/2023
/ Audits ,
Banks ,
Compliance ,
Consent Order ,
EFTA ,
Enforcement Actions ,
FDIC ,
FinTech ,
High Risk Sectors ,
RESPA ,
Risk Management ,
Third-Party ,
Training ,
Truth in Lending Act (TILA)
On November 1, 2023, the Office of the Comptroller of the Currency (OCC) published a revised interagency examination procedure to address updates to the federal Telephone Consumer Protection Act (TCPA).
Although TCPA...more
11/16/2023
/ Advertising ,
Auto-Dialed Calls ,
Carve Out Provisions ,
Compliance ,
Data Breach ,
Debt Collectors ,
Enforcement Actions ,
Examination Procedures ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Fraud ,
OCC ,
Security Breach ,
Solicitation ,
TCPA ,
Telemarketing ,
Training
On January 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued a request for public comment relating to “junk fees” consumers may be subjected to when engaging in financial services.
So what exactly is a...more
2/15/2022
/ Banking Sector ,
Comment Period ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Fees ,
Financial Institutions ,
Financial Services Industry ,
Public Comment ,
Request For Information ,
Rulemaking Process