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I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H.
Appeals Court Affirms Dismissal of Hunstein Copycat, but Dissent Argues Plaintiff Has Standing CFPB Issues Rule to Update Supervisory Appeals Process FTC Takes Steps to Protect Consumers from AI Deepfakes Compliance Digest – February 19 WORTH NOTING: Strong winds gave some planes a big boost over the weekend … How well do you know the […]
A north west Claims Management company running financial mis-selling claims has closed, announcing on its website that cases have been transferred. The Law Gazette reported that Legal UK Services Ltd , based in Altrincham, told clients last week that it had appointed insolvency practitioners and would cease trading within weeks. That process appears to have been accelerated this week as the firm stated that all live cases had been transferred to neighbouring Cheval Legal.
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
The Court of Appeals for the Third Circuit has upheld a ruling in a Fair Debt Collection Practices Act Hunstein case, largely ruling the plaintiff lacks standing to pursue her claim because she did not suffer a concrete injury, but one of the three judges on the panel disagreed and wrote a dissenting opinion saying […]
Feb 6 (Reuters) – Overall borrowing levels in the U.S. rose modestly during the final three months of last year as more types of borrowing ran into trouble, especially on the auto front, even as overall difficulties remained below levels seen before the onset of the COVID-19 pandemic. Total household debt climbed by $212 billion in the fourth quarter of 2023 to $17.5 trillion, the New York Federal Reserve said on Tuesday in its latest quarterly Household Debt and Credit Report.
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Feb 6 (Reuters) – Overall borrowing levels in the U.S. rose modestly during the final three months of last year as more types of borrowing ran into trouble, especially on the auto front, even as overall difficulties remained below levels seen before the onset of the COVID-19 pandemic. Total household debt climbed by $212 billion in the fourth quarter of 2023 to $17.5 trillion, the New York Federal Reserve said on Tuesday in its latest quarterly Household Debt and Credit Report.
The Consumer Financial Protection Bureau on Friday announced it had issued a rule updating the process by which companies can appeal supervisory findings uncovered during examinations. The changes are intended to reflect updates to the Bureau’s organizational structure and to remain in line with the processes recently put into place by other banking regulators.
The Federal Trade Commission last week announced it was seeking public comment on a rule that would prohibit the impersonation of individuals while also announcing a final rule prohibiting scammers from impersonating businesses or government agencies.
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