FTC

When Congress enacted the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act in July 2010 amid the wreckage of the 2008 financial crisis, the financial services industry had no shortage of questions about the sweeping implications of the new law. Within a year, October Research, LLC, added a new publication to its portfolio with a mission to answer those questions and called it Dodd Frank Update. We have appreciated the positive feedback from the industry over the years affirming that our coverage in this space is among the most comprehensive available. Read on »

Federal district judges have ordered the reinstatement of Democratic members of the Federal Trade Commission and the National Credit Union Administration who were fired earlier this year. One of the orders is being challenged in an appeals court. Read on »

The Government Accountability Office published a list of recommendations for how three federal agencies tasked with identifying and preventing scammers from harming consumers, companies and national security can better collaborate to accomplish certain shared objectives. Read on »

Western Alliance Bank reported a data breach involving a third-party vendor’s file transfer software, which exposed some customer personal information. The independent mortgage broker said although personal information was compromised, there is currently no evidence of fraud or identity theft resulting from the incident. Read on »

The Trump administration’s dismissal of the Federal Trade Commission’s two democratic members will likely lead to a lawsuit with the potential to reach the Supreme Court, according to legal experts. Read on »

Regulations issued by federal agencies are under intense political scrutiny under the Trump administration, but regulatory bodies also have continued to conduct their own, regularly scheduled regulatory assessments. Learn what measures these organizations are taking to determine the effectiveness of the current policy framework governing financial institutions in this regulatory roundup. Read on »

Newly inaugurated President Donald Trump made several designations to acting roles at the Federal Deposit Insurance Corp., Securities Exchange Commission and the National Credit Union Administration, among others. Read on »

Regulatory agencies have increased their attention on the impact certain types of financial abuse can negatively impact not only people’s credit scores but their quality of life. Learn what several regulatory bodies have to say about one common form of financial abuse, and how one agency reimbursed consumers harmed by misuse of their personal credit information in this roundup. Read on »

The Federal Trade Commission issued its “click-to-cancel” final rule, requiring entities operating subscription-based services to make the cancellation process as easy as enrollment for consumers. Consumer Financial Protection Bureau Director Rohit Chopra subsequently issued a statement noting the rule is enforceable by the bureau, as well as the commission. Read on »

The Federal Reserve offered a detailed recap of developments within the agency and in the financial sector in the latest edition of its standard monthly report on its supervisory and regulatory activities. Other agencies addressed new developments with respect to bank supervision and efforts to better educate the public about predatory pricing practices. Learn more about these developments in this roundup. Read on »