Articles

College students are targeted with jobs scams, too

Getting hired might feel like the ultimate high. But finding out it was just a scammer trying to steal your money will bring you — and your bank balance — right back down. Many college students look for virtual jobs they can do while going to school, but if a new employer mails your first paycheck before you even start working, that’s your cue to stop — it’s a scam.

US court rejects transfer of credit card fees rule case amid focus on ‘judge shopping’

(Reuters) – A federal appeals court ruled on Friday that a Texas judge wrongly transferred to another court in Washington, D.C., an industry-backed lawsuit challenging an agency rule on credit card late fees, highlighting the debate over “judge shopping” in the U.S.

CFPB FY 2023 Office of Minority and Women Inclusion (OMWI) Report to Congress

The FY 2023 OMWI annual report to Congress provides detailed information about the diversity, equity, inclusion, and accessibility (DEIA) work of the Consumer Financial Protection Bureau from Oct. 1, 2022 through Sept. 30, 2023.

Five New Federal Agencies Join Justice Department in Pledge to Enforce Civil Rights Laws in Artificial Intelligence

The Justice Department announced today that five new cabinet-level federal agencies have joined a pledge to uphold America’s commitment to core principles of fairness, equality and justice as new technologies like artificial intelligence (AI) become more common in daily life.

OCC Asks FIs to Offer Customers ‘High-Quality Financial Literacy Education’

This week, the Office of the Comptroller of the Currency (OCC) asked U.S. financial institutions (FIs) for their help in “improving the financial capability and financial health of their customers.”

Enhancing Customer Experience – Collaborative Strategies Between Creditors And Collection Agency Collectors

In today’s dynamic business environment, collection agencies are embracing advanced tools like speech analytics and quality assurance (QA) departments to monitor collector calls, ensuring compliance with legal regulations. While adherence to these regulations is crucial, it’s equally important to embrace a broader perspective, echoing the sentiments of Starbucks’ Founder, Howard Schultz, who famously stated, “We are not in the coffee business serving people, we are in the people business serving coffee.”

St. Elizabeth Credit Union Merges With First Commonwealth Federal Credit Union

ALLENTOWN, PA, UNITED STATES, April 4, 2024 /EINPresswire.com/ — St. Elizabeth Credit Union has announced the approval of its merger with First Commonwealth Federal Credit Union, marking a significant milestone in the credit union landscape. The combined entity will operate under the banner of First Commonwealth Federal Credit Union.

AG Nessel Re-Issues Data Breach Alert Following AT&T Data Breach

LANSING – Michigan Attorney General Dana Nessel is alerting Michigan consumers to a massive data breach affecting millions of current AT&T customers and tens of millions more former account holders nationwide. Nessel wants those whose information may have been compromised in the recent AT&T data breach to know what steps they can take to protect their data from scammers and identity thieves.  

Citi asks judge to toss NY AG’s ‘imaginative’ wire-fraud lawsuit

Citigroup is asking a federal judge to toss a consumer fraud lawsuit that the New York state attorney general filed, saying it’s premised on an “imaginative theory” of banks’ liabilities to wire fraud victims.

FTC Sends Nearly $62 Million in Refunds to Sellers Deceived by Online Real Estate Listing Service Opendoor Labs

The Federal Trade Commission is sending nearly $62 million in refunds to sellers deceived by advertising and marketing claims made by online real estate business Opendoor Labs, Inc.