A lender and mortgage loan servicer parent company settled charges with the New York Department of Financial Services for purported cybersecurity-related deficiencies by two of its subsidiaries related to compliance, internal controls, management and technology systems.
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A bank settled CFPB charges for failing to respond to customers’ credit card disputes and fraud claims.
Acting Comptroller of the Currency Michael J. Hsu evaluated the potential impact of open banking on the financial industry and consumers.
The American Banker Association expressed concern over a CFPB proposal to establish a public registry designed to collect information about public agency orders and judgments related to violations of the consumer protection laws.
The CFPB determined that the commercial financing disclosure laws required under California, New York, Utah, and Virginia state law are not preempted by the Truth in Lending Act.