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August

19
2024
Compliance

FCC Proposes First-of-Their-Kind TCPA Rules for AI-Generated Robocalls and Robotexts

On August 7, 2024 the Federal Communications Commission proposed new consumer protections against AI-generated robocalls and robotexts. The Notice of Proposed Rulemaking broadens the FCC’s efforts to address AI’s impact on the rights of consumers under the Telephone Consumer Protection Act.

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August

19
2024
Industry News

CFPB files and prosecutes yet another enforcement lawsuit using funds obtained in violation of the CFPB’s enabling statute (Dodd-Frank Act) and the Constitution

The Introduction to the Complaint which was filed by the CFPB on May 17, 2024 against Solo Funding, Inc. in the United States District Court for the Central District of California – Western Division Los Angeles.

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August

16
2024
Compliance

New York City’s DCWP Updates Debt Collection Rules to Align with Federal Regulations

The New York City Department of Consumer and Worker Protection (DCWP) has introduced significant amendments to its debt collection rules, following updates from the Consumer Financial Protection Bureau (CFPB). These changes, effective December 1, 2024, are designed to enhance the protection of consumers, particularly in terms of record retention, reporting requirements, and transparency in debt collection practices.

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August

16
2024
Industry News

CFPB Advises Against Certain Contract-for-Deed Practices

This week, the Consumer Financial Protection Bureau (CFPB or Bureau) issued an advisory opinion and a research report addressing contract-for-deed home financing, also known as a “land contract,” “land installment contract,” “land sales contract,” “bond for deed,” “agreement for deed,” or “buying on contract.”

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August

16
2024
Trends

14% of Americans carry 75% of nation's medical debt burden

Approximately 8% of Americans have some medical debt. But certain populations shoulder a significant portion of the nation's total medical debt burden, such as those in poor health, uninsured individuals, and Black Americans, new data from Kaufman Hall revealed.

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