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August

16
2024
Industry News

NERDY: New Case Discusses TCPA Remedies Versus Causes of Action and I am Here For It

No matter how famous and powerful I become, the Czar will always be a little procedural nerd at heart. How many demurrers did I bring as a young lawyer reminding courts that an injunction is a remedy and not a cause of action under California law? Awww, memories. But interestingly matters are different under the TCPA.

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August

16
2024
Industry News

Congress members: 1033 Rule could hinder innovation of fraud prevention tools

On July 31, a bipartisan group of Congress members sent a letter to CFPB Director Rohit Chopra raising concerns regarding the Bureau’s proposed 1033 Rule, which relates to consumer financial data privacy (covered by InfoBytes here).

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August

15
2024
Trends

Inflation Is Down. Will Paycheck-to-Paycheck Consumers Notice?

Inflation is at a multiyear low, according to July’s Consumer Price Index from the U.S. Department of Labor. Inflation has broken through an important psychological barrier, so to speak. The Federal Reserve’s impetus to cut interest rates may have just gotten a bit stronger.

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August

15
2024
Industry News

Federal Trade Commission Announces Final Rule Banning Fake Reviews and Testimonials

The Federal Trade Commission today announced a final rule that will combat fake reviews and testimonials by prohibiting their sale or purchase and allow the agency to seek civil penalties against knowing violators.

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August

15
2024
Industry News

Accounting: Bank Accounting Advisory Series Updated

The Office of the Comptroller of the Currency (OCC) today released an update to the Bank Accounting Advisory Series (BAAS). The BAAS contains staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics and promotes consistent application of accounting standards and regulatory reporting among banks.1

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