We previously reported that Treasury Secretary Bessent was named as the acting director of the Consumer Financial Protection Bureau (CFPB), and he subsequently ordered the CFPB staff to halt several activities. However, the...more
2/11/2025
/ Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Enforcement Actions ,
Federal Reserve ,
Financial Institutions ,
Financial Regulatory Reform ,
OMB ,
Regulatory Reform ,
Regulatory Requirements ,
Secretary of the Treasury ,
Trump Administration ,
U.S. Treasury
The Electronic Fund Transfer Act (EFTA) and Regulation E apply to an electronic fund transfer (EFT) that authorizes a “financial institution” to debit or credit a consumer’s account. While a “financial institution”...more
1/14/2025
/ Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Digital Assets ,
Digital Wallets ,
Electronic Fund Transfer Act ,
Financial Institutions ,
Online Marketplace ,
Proposed Rules ,
Regulation E ,
Video Games
Financial institutions that are regulated and supervised by the Office of the Comptroller of the Currency (OCC) should know that the OCC has recently updated its booklet on Unfair or Deceptive Acts or Practices (UDAP) and...more
12/6/2024
/ Abusive Acts ,
Comptroller ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Data Protection ,
Data Security ,
Financial Institutions ,
FTC Act ,
Lending ,
Marketing ,
OCC ,
Overdraft Fees ,
Risk Management ,
UDAAP ,
UDAP ,
Unfair or Deceptive Trade Practices