An FTC final rule amending requirements that allow a consumer to prohibit the use of certain information obtained from affiliates for customer solicitation was published in the Federal Register.
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An FTC final rule amending the Commission's requirements for entities using information from customer reports for unsolicited credit or insurance advertising was published in the Federal Register.
The FTC approved "largely technical changes" to five rules under the Fair Credit Reporting Act. The amendments clarify that the FCRA rules, as enforced by the FTC, apply only to motor vehicle dealers, since Dodd-Frank transferred authority for the regulation of other types of entities to the CFPB.
A mortgage lender entered into a settlement with the New York State Department of Financial Services after a finding that the mortgage lender failed to report a 2019 cyber breach that exposed the sensitive personal data of mortgage loan applicants.
In a new staff report, the SEC Division of Economic and Risk Analysis considered the interconnections among six separate U.S. credit markets, and how three distinct types of stresses in each of the markets affected the products and participants during the COVID-19 pandemic.