Tag: Consumer Financial Protection Bureau
Financial crime and conduct: Q3 enforcement highlights from Corlytics
Corlytics has released its regulatory enforcement data for Q3, showcasing a surge in regulatory actions, record fines, and a stronger emphasis on senior staff conduct.
Enhancing compliance: The rise of automation in consumer risk management
In the ever-evolving landscape of regulatory requirements, businesses are compelled to reassess how they manage compliance and conduct risks. A proactive approach is necessary, not only to understand the regulations but to anticipate their impacts on operations. Implementing a standardized methodology supported by AI allows businesses to prepare for regulatory changes effectively, ensuring compliance is both consistent and scalable.
The Consumer Financial Protection Bureau opens lawsuit against Fifth Bank
The Consumer Financial Protection Bureau has filed a lawsuit against Fifth Third Bank, National Association after allegations of opening unauthorised accounts for consumers.
Equifax to pay a minimum settlement of $565m for its 2017...
Equifax, a credit score company, has agreed to pay at least $565m as a settlement to a data breach in 2017.
The US CFPB has asked Congress for authority overseeing Military Lending...
US Consumer Financial Protection Bureau (CFPB) director Kathleen Kraninger has asked the US Congress to provide the CFPB with ‘clear authority to supervise compliance’ of the Military Lending Act (MLA).
Consumer rights groups oppose CFPB’s sandbox plans
Consumer rights groups in the US have opposed a proposal by the Consumer Financial Protection Bureau to create a regulatory sandbox.
