FTC

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 »

There have been a handful of new appointments to key positions within federal agencies in recent weeks whom compliance officers at certain covered entities will want to familiarize themselves with. Regulators also have announced actions concerning illegal debt collection practices among medical providers, which could hold lessons for other firms bound by fair debt collection requirements. Read on »

The Federal Trade Commission announced plans to distribute $2.6 million to consumers harmed by an online lender’s false promises about offering “free money” to people struggling to make ends meet. The lender was charged with deceiving consumers and discriminating against certain people who applied for cash advances earlier this year. Read on »