FTC

Real Estate Data Shield announced the launch of a web-based Compliance Management Platform for the title and settlement industry. The platform is set up so title and settlement companies can immediately access and find the tools they need to meet the data security compliance mandates of regulators, lenders and the title industry’s best practice initiatives. Read on »

Lawmakers on the U.S. Senate Subcommittee on Consumer Protection, Product Safety and Insurance pressured the Consumer Financial Protection Bureau and Federal Trade Commission to take additional steps to ensure that consumers are not harmed by credit reporting inaccuracies. Lawmakers also voiced concern about the usefulness of the error resolution strategies that are available to consumers who find an error and the steps credit bureaus and their information furnishers take to ensure that corrected errors ... Read on »

The Consumer Financial Protection Bureau filed a complaint in a federal district court in New York against two debt-relief service providers that allegedly charged consumers illegal advance fees for debt-settlement services. The bureau is seeking to halt the operations and to obtain both penalties and relief for victims. Read on for the details. Read on »

The Consumer Financial Protection Bureau released its second annual report detailing the agency’s efforts to administer the Fair Debt Collection Practices Act. The report describes the bureau’s supervision program as it relates to debt collection and discusses recent developments in the bureau’s law enforcement and advocacy program. Read on to learn about the CFPB’s efforts to enforce provisions of the FDCPA. Read on »

The Federal Trade Commission last week returned $1 million to over 17,000 homeowners who were deceived by an operation that purported to offer debt relief services to people facing foreclosure. The FTC and the Consumer Financial Protection Bureau have been actively investigating such companies. Read on for the details. Read on »

A defense spending package recently signed into law by President Barack Obama includes enhanced protections for service members who use payday loans and other higher-cost credit products. The amendments to the Military Lending Act empower the Consumer Financial Protection Bureau and the Federal Trade Commission to enforce a 36-percent rate cap and include other protections for loans made to service members. Read on for the details. Read on »

The Federal Trade Commission found no evidence that payment network companies have taken steps to diminish community institutions’ ability to compete with larger issuers in the wake of Dodd-Frank’s new debit card rules, the agency said in a recent report. However, the commission said it will watch for any potential instances where large institutions collude with the networks to hamper such competition. Read on to learn about the FTC’s efforts to implement Dodd-Frank’s debit card provisions. Read on »

The Federal Trade Commission is looking into whether Visa Inc. violated provisions of Dodd-Frank’s Durbin Amendment, according to a recent company filing. The global payments network said it is cooperating after the FTC’s Bureau of Competition requested that the company provide certain documents and information on a voluntary basis. Read on for the details. Read on »

The CFPB and Federal Trade Commission issued letters to mortgage lenders, mortgage brokers, real estate agents, homebuilders and lead generators, warning dozens of companies that their advertisements may be deceptive. Both agencies also opened formal investigations of other advertisers regulators believe may have violated federal law. Read on for the details. Read on »

The Federal Trade Commission is again calling on industry participants to comment on the burden associated with existing regulations that require credit bureaus to provide credit reports to consumers. The FTC and CFPB share enforcement authority for the requirement, and the FTC extended the comment period for a notice related to the requirement after the initial notice failed to garner any response from the industry. Read on »