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Joint Statement by Rohit Chopra, Director of the United States Consumer Financial Protection Bureau, and Didier Reynders, Commissioner for Justice and Consumer Protection of the European Commission

WASHINGTON, D.C. — In July 2023, Rohit Chopra, Director of the United States Consumer Financial Protection Bureau, and Didier Reynders, Commissioner for Justice and Consumer Protection of the European Commission, announced the start of an informal dialogue between the CFPB and the European Commission on a range of critical financial consumer protection issues

EU-US Hold Fourth Joint Technology Competition Policy Dialogue

Today, Federal Trade Commission Chair Lina Khan, the Justice Department’s Antitrust Division (DOJ) Assistant Attorney General Jonathan Kanter, and European Commission Executive Vice-President Margrethe Vestager met in Washington for the fourth meeting of the EU-US Joint Technology Competition Policy Dialogue (TCPD) to continue work on cooperation in ensuring and promoting fair competition in the digital economy.

OCC Extends Comment Period for Proposed Rulemaking and Policy Statement on Bank Mergers

WASHINGTON—The Office of the Comptroller of the Currency (OCC) announced today that it will extend until June 15, 2024, the comment period on its proposal to update its rules for business combinations to allow interested parties more time to provide comments.

The Importance of Auditing Third-Party Collection Agencies and Closed Accounts

In the landscape of financial management, one often encounters a critical yet frequently overlooked aspect: auditing closed accounts managed by third-party collection agencies. While this task may not be immediately captivating or urgent, neglecting it could potentially bring consequences if not handled properly. 

FTC Issues Report to Congress on Collaboration with State Attorneys General

The Federal Trade Commission today issued a report to Congress detailing the FTC’s law enforcement cooperation with state attorneys general (AGs) nationwide and presenting best practices to ensure continued effective collaboration.

CFPB Comment to Illinois Joint Committee on Administrative Rules on the State’s Proposed Community Reinvestment Act Rules

On behalf of the Consumer Financial Protection Bureau (CFPB), I am pleased to submit this comment regarding the Illinois Department of Financial and Professional Regulation’s (IDFPR’s) proposed rules for the state’s Community Reinvestment Act (CRA).

Virginia Governor Amends Statute of Limitations Bill; Approves Medical Debt Credit Reporting Measure

The medical debt credit reporting law will take effect July 1, while the legislature will revisit the statute of limitations amendments next week.

FTC Sends $1.2 Million in Refunds to Consumers Harmed by Deceptive Investment Claims

The Federal Trade Commission is sending $1.2 million in refunds to consumers who paid for the advice of supposed experts based on deceptive claims of substantial investment profits.

California regulator advises businesses to only collect needed data under CCPA

On April 2, The California Privacy Protection Agency issued Enforcement Advisory No. 2024-01 reminding businesses that data minimization is a foundational principle the California Consumer Privacy Act.

Alliant Credit Union Recognized for Finance Industry & Workplace Achievements in TITAN Business Awards

CHICAGO, April 9, 2024 /PRNewswire/ — Alliant Credit Union, one of the largest credit unions in the nation, has earned the highest honors in this year’s 2024 TITAN Business Awards, recognizing its leadership and exceptional performance in finance and workplace culture. The international TITAN awards celebrate business excellence worldwide and individuals and organizations for their innovation, leadership and outstanding achievements.