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September

19
2024
Industry News

Sen. Warren, Rep. Waters support reforms to Community Reinvestment Act despite Chamber, ABA lawsuit

Congressional finance legislators earlier this week chastised a decision by the U.S. Chamber of Commerce and the American Bankers Association (ABA) to sue banking regulators in an effort to block them from reforming the Community Reinvestment Act (CRA).

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September

18
2024
Strategy

What to Know About Rule 1033 as Open Banking Continues to Evolve

Open banking — relatively well-entrenched in Europe, nascent here in the United States — is taking shape largely by directive, through regulations and standards that give a roadmap to how financial data is permissioned by consumers and shared with financial services providers.

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September

18
2024
Compliance

CFPB Report Highlights ‘Aggressive,’ ‘Illegal’ Medical and Rental Debt Collection Practices

On September 5, 2024, the Consumer Financial Protection Bureau (CFPB) released its annual report on debt collection, drawing attention to a range of activities with respect to medical and rental debt collection that the CFPB describes as “aggressive” and “illegal.”

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September

18
2024
Industry News

DIALING INTO TCPA: Court Expands ‘Residential’ to Cellphones in a Post-Loper World

Hot off the press is a case decision to put on your radar! In Lirones v. Leaf Home Water Sols., L.L.C., No. 5:23-cv-02087, 2024 U.S. Dist. LEXIS 165900 (N.D. Ohio Sept. 16, 2024), the United States District Court for the Northern District of Ohio addressed a critical question under the TCPA: Can cellular telephone users be considered “residential telephone subscribers” for purposes of the Do Not Call Registry protections under 47 U.S.C. § 227(c)?

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September

18
2024
Industry News

Judge rejects attempt to dismiss Department of Justice lawsuit against Colony Ridge

A judge rejected an attempt by lawyers for the Colony Ridge housing development to dismiss the civil lawsuit brought against the company by the Department of Justice and the Consumer Financial Protection Bureau alleging it unjustly targeted Latino land buyers.

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