Following major data breaches targeting AT&T and Ticketmaster this year, another cyberattack in the news this week appears to have compromised the identities of billions of more people. National Public Data, a background check company owned by Jerico Pictures, is believed to be a victim of a cyberattack executed by cybercriminal group USDoD, Bloomberg Law reported.
On August 7, the CFPB issued a report and a consumer advisory highlighting predatory practices in solar lending. On the same day, the FTC released a blog post emphasizing similar concerns.
The Consumer Financial Protection Bureau (CFPB) recently issued a circular to law enforcement agencies and regulators, highlighting how broad nondisclosure agreements (NDAs) could violate whistleblower protections under Section 1057 of the Consumer Financial Protection Act (CFPA). These agreements, if not carefully worded, may deter employees from reporting misconduct or cooperating with investigations, thus undermining the CFPB’s enforcement efforts.
We are following very closely this appeal to the 10th Circuit of the preliminary injunction issued by the Federal District Court for the District of Colorado to the plaintiffs (three trade groups) enjoining the Colorado Attorney General and UCCC Administrator from enforcing the new Colorado opt-out statute against out-of-state, state banks who made loans from out-of-state to Colorado residents.
Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its lawsuit against Credit Repair Cloud and CEO Daniel A. Rosen for providing substantial assistance or support to credit repair businesses that charge illegal advance fees to consumers. The proposed order, if entered by the court, would impose a $2 million civil penalty against Rosen and a $1 million civil penalty against Credit Repair Cloud.
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