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On January 13, the FTC announced that a leading business credit report provider agreed to settle allegations that it had engaged in deceptive and unfair business practices. The FTC...
On January 18, the CFPB filed a proposed final judgment against an Illinois-based third-party payment processor and its founder (collectively, “defendants”), which ceased operations...
The CFPB filed a proposed final judgment against an Illinois-based third-party payment processor and its founder, which ceased operations almost three years ago, settling claims that the defendants facilitated payments for telemarketing fraudsters targeting seniors.
The FTC announced that a leading business credit report provider agreed to settle allegations that it engaged in deceptive and unfair business practices. The FTC alleged that businesses complained of costly errors in the credit reports, which the company failed to remedy.
Section 1033 of the Dodd-Frank Act states that consumers have the right to access their own bank account and transaction data in a usable electronic format. This provision mandates that the CFPB adopt a rule relating to data access.