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The potential threats stemming from the use of AI systems could affect cybersecurity, fair competition, consumer protection, equal opportunity, and civil rights. [read post]
1 May 2023, 12:16 pm by Susan Haines
On March 7, 2023, the National Labor Relations Board (NLRB) and the Consumer Financial Protection Bureau (CFPB) signed a Memorandum of Understanding (“CFPB MOU”) that created a formal partnership between the two agencies. [read post]
The potential threats stemming from the use of AI systems could affect cybersecurity, fair competition, consumer protection, equal opportunity, and civil rights. [read post]
28 Apr 2023, 7:23 am by Alden Abbott
Justice Department (DOJ) Civil Rights Division (DOJ), Consumer Financial Protection Bureau (CFPB), and the U.S. [read post]
On April 25, 2023, four federal agencies — the Department of Justice (“DOJ”), Federal Trade Commission (“FTC”), Consumer Financial Protection Bureau (“CFPB”), and Equal Employment Opportunity Commission (“EEOC”) — released a joint statement on the agencies’ efforts to address discrimination and bias in automated systems. [read post]
27 Apr 2023, 3:30 am by Eric B. Meyer
Here’s more from the joint statement: The Consumer Financial Protection Bureau (CFPB) supervises, sets rules for, enforces numerous federal consumer financial laws, and guards consumers in the financial marketplace from unfair, deceptive, or abusive acts or practices and discrimination. [read post]
26 Apr 2023, 2:21 pm by Bernadette (Bea) Hanson
The Consumer Financial Protection Bureau (CFPB), Department of Justice (DOJ), Equal Employment Opportunity Commission (EEOC), and Federal Trade Commission (FTC) enforce various federal laws to protect civil rights. [read post]
On Tuesday, April 25, 2023, the Equal Employment Opportunity Commission (“EEOC”), Consumer Financial Protection Bureau (“CFPB”), Justice Department’s Civil Rights Division (“DOJ”), and the Federal Trade Commission (“FTC”) issued a “Joint Statement on Enforcement Efforts Against Discrimination and Bias in Automated System” (“Joint Statement”). [read post]
24 Apr 2023, 9:01 pm by renholding
On April 3, 2023, the Consumer Financial Protection Bureau (“CFPB”) issued a policy statement regarding what constitutes an “abusive” act or practice (the “Policy Statement”).[1] The Policy Statement outlines the CFPB’s approach to analyzing whether an act or practice may be abusive and provides examples, which the Policy Statement also notes may be used by state attorneys general or other agencies that are authorized… [read post]
24 Apr 2023, 6:28 am by sydneygallek
The Consumer Financial Protection Bureau (CFPB) lists 400 complaints against Midland Credit Management over the past year. [read post]
23 Apr 2023, 9:01 pm by renholding
They both knew how important it was to protect investors and promote our capital markets. [read post]
22 Apr 2023, 7:16 pm
Both saw their current early manifestation in the work of the Global Compact, and particularly its Who Cares Wins: Connecting  Financial Marketsto a Changing World. [read post]
20 Apr 2023, 9:02 pm by The Regulatory Review Staff
In a Center for American Progress report, Lilith Fellowes-Granda, a senior policy analyst at American Progress, and Crystal Weise, a research associate at American Progress, emphasized the need for an independent Consumer Financial Protection Bureau (CFPB) in light of recent banking disasters. [read post]
14 Apr 2023, 6:38 pm by Allan Blutstein
MoneyGram Atty Refiles As Plaintiff After CFPB Rips FOIA SuitBy Anna Bongardino, Law360, Apr. 14, 2023A Vinson & Elkins partner representing MoneyGram in a records request suit against the Consumer Financial Protection Bureau has dropped the company's suit and launched a new complaint naming himself as the plaintiff in response to the agency's argument in its dismissal bid that the request was filed by the money services giant's attorney instead… [read post]
14 Apr 2023, 9:49 am by Tom Kosakowski
The federal agency responsible for consumer protection in the financial sector is hiring an Associate Ombudsman. [read post]
14 Apr 2023, 5:01 am by Jim Dempsey
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau all include cybersecurity in their inspections. [read post]
14 Apr 2023, 4:30 am by Guest Author
As readers of this blog surely know, the Consumer Financial Protection Bureau has been under sustained legal and political attack from the financial institutions it regulates since its very creation. [read post]
14 Apr 2023, 4:30 am by Guest Author
As readers of this blog surely know, the Consumer Financial Protection Bureau has been under sustained legal and political attack from the financial institutions it regulates since its very creation. [read post]
12 Apr 2023, 9:10 am by Erik L. Johnson
On April 5, 2023, the Consumer Financial Protection Bureau (CFPB) brought an action against James R. [read post]