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CFPB Addresses Bank Junk Fees For Unexpected Overdrafts

CFPB issued guidance to help banks avoid charging illegal overdraft fees on consumer deposit accounts. In Circular 2022-06, Bureau stated that overdraft fees assessed by financial institutions on transactions a consumer would not reasonably anticipate likely violate CFPA.
Into Practice Consumer Financial Protection Bureau Ank Junk Fees Bank Overdraft Fees Epositor Fees Onsumer Deposit Accounts

White House Releases Blueprint for an AI Bill of Rights

The White House released its Blueprint for an AI Bill of Rights to guide the discussion on the design, use and deployment of AI in systems that impact the American public. The Blueprint outlines the five guiding principles including data privacy and discrimination protections.
United States White House District Of Columbia Effective Systems Discrimination Protections Into Practice

CISA Proposes Cyber Incident Reporting Regulations

The Cybersecurity and Infrastructure Security Agency proposes incident reporting regulations under the Cyber Incident Reporting for Critical Infrastructure Act. CISA seeks input from operators of critical infrastructure entities on the impact of the proposed requirements
Infrastructure Security Agency Cyber Incident Reporting Critical Infrastructure Act Into Practice Data Breach Reporting Requirements Ybersecurity Breach Disclosure

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CISA Seeking Input On Cyber Incident Reporting For Critical Infrastructure - Security

The Cybersecurity and Infrastructure Security Agency (CISA) is seeking input on various aspects of proposed incident reporting regulations under the Cyber Incident Reporting for Critical Infrastructure Act of 2022...
Infrastructure Security Agency Cyber Incident Reporting Infrastructure Act Into Practice Cisa Seeking Input On Cyber Incident Reporting For Critical Infrastructure Data Protection
Source: mondaq.com

DFPI Issues Proposed Commercial Financing Rules

Companies licensed as lenders under the California Financing Law CFL, or that hold other enumerated licenses under the California Consumer Protection Law are exempt from these regulations and the reporting requirements when acting under the authority of the held license.
United States California Department Of Financial Protection California Department Financial Protection California Consumer Financial Protection Law Dodd Frank Act

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