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I’ve been receiving a number of questions about the roll out of Kari’s Law and I figured I’d do a quick post on it, even though it is not technically a TCPA issue. At a high level the Act requires that multi-line telephone systems have the ability to pass a 911 dial.
A committee says summaries provided by firms are full of jargon and readability issues. But fiduciary and plain-language experts say Form CRS itself needs an overhaul.
On January 21, the CFPB issued a Small Entity Compliance Guide summarizing the October 2020 Debt Collection Rule. The Debt Collection Rule amends Regulation F, 12 CFR Part 1006 and becomes effective on November 30, 2021. The Debt Collection Rule governs the activities of debt collectors under the Fair Debt Collection Practices Act (FDCPA). The guide does not address the December 2020 final rule addressing and clarifying the consumer disclosure requirement, required actions prior to furnishing, and prohibition regarding the collection of time-barred debt. Eventually the CFPB will update the g...
To embed, copy and paste the code into your website or blog: On Thursday, January 28, trading-app broker-dealer Robinhood – a self-styled disrupter democratizing trading – suspended its users’ ability to buy Gamestop stock or options (along with other stocks). After playing a prominent role in the crowd-sourced short-squeeze on the meme stock, abruptly shutting the “buy” door prompted swift and fierce reactions. NY Rep. Alexandria Ocasio Cortez tweeted that Robinhood’s freeze on Gamestop buys was “unacceptable” and called for Congressional hearings. Texas Sen. Ted Cruz quick...
Last week, the Federal Reserve System published the latest edition of the Consumer Compliance Outlook . This issue includes an article entitled HMDA Data Collection and Reporting: Keys to an Effective Program , which outlines, among other things, a few best practices for creating and maintaining an effective HMDA compliance program. The NAFCU compliance team has published plenty of blog posts about HMDA explaining threshold updates and data collection requirements, but today’s blog will focus on some of the suggested practices that may strengthen a credit union’s HMDA compliance progr...