Payments Compliance
Dodd-Frank Act on the Block: House Financial Services Committee Proposes Changes
Topics: Payments Compliance
When the Obama government ascertained the complex causes that led to the “Great Recession” of 2007-2009, it enacted into law rules that would prevent the excessive risk-taking that created that…
CFPB Announces Changes to Senior Leadership Team
Topics: Payments Compliance
Recently, the CFPB announced three modifications to their senior leadership team. “These leaders have played important roles in fulfilling the CFPB’s mission to protect consumers,” said Richard Cordray, Director of…
CFPB Proposes Data Privacy Notification Rules
Topics: Payments Compliance
In 1999, Congress passed the Gramm-Leach Bliley Act (GLBA) to reform the country’s financial services industry, due to its growing use of digital technology and the consequent threat to consumer…
Proposed Payday Loan Rules Will Protect Vulnerable Consumers
Topics: Payments Compliance
The Internet-facilitated practice of extracting high profits from vulnerable consumers with virtually no oversight is the primary reason why the Consumer Finance Protection Bureau (CFPB) has proposed setting rules around…
