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August

13
2024
Trends

2024 Report on Banks and Credit Unions Fee Income from NSF and Overdraft Charges

State-chartered banks and credit unions are required to report annually to the Department of Financial Protection and Innovation (DFPI) the revenue received from fees on nonsufficient funds and overdraft charges during the calendar year.

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August

13
2024
Industry News

CFPB Takes Action to Stop Contract-for-Deed Investors from Setting Borrowers Up to Fail

The Consumer Financial Protection Bureau (CFPB) today released an advisory opinion and research report on a form of home seller financing that is often referred to as contract for deed. Under contract-for-deed deals, the seller agrees to turn over a home’s deed only after the buyer completes a series of payments.

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August

13
2024
Trends

Cost of a data breach 2024: Financial industry

According to the IBM Cost of a Data Breach 2024 report, the average global breach cost has reached $4.88 million — a significant increase over last year’s $4.45 million and the biggest jump since the pandemic.

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August

13
2024
Industry News

FLORIDA COURTS TURN UP THE HEAT: TCPA Defendants Face Tougher Challenges on Motion to Dismiss

In Cacho v. USHealth Advisors, LLC, 2024 WL 3738869 (M.D. Fla. July 24, 2024), the Court denied Defendant’s motion to dismiss for insufficient service of process, lack of personal jurisdiction, and failure to state a claim.

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August

13
2024
Trends

Right To Know - August 2024, Vol. 20

Welcome to your monthly rundown of all things cyber, privacy, and technology, where we highlight all the happenings you may have missed.

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