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Matt Scarborough CEO Corner

CEO Corner Q4: Key Trends in Consumer Reporting Data, AI, and Dispute Insights

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Top Headlines of 2024

Federal judge gives final approval to $6 million discrimination lawsuit against CFPB

OCC Assesses $65 Million Penalty Against City National Bank

New York Federal Court Finds Failure to Review Account Notes When Investigating a Dispute Could Be Considered Reckless Under the FCRA

CRA to Pay $5.695M in FCRA Class-Action Settlement

US regulators fine Citi $136 million for failing to fix longstanding data issues

CFPB Orders TD Bank to Pay $28 Million for Illegal Breakdowns that Potentially Tarnished Consumer Reports

CFPB Orders VyStar Credit Union to Pay $1.5 Million for Illegally Stranding Consumers from Accessing Their Money and Accounts

‘Delete CFPB’: Musk calls for elimination of consumer bureau

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Recent News

CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for Allowing Fraud to Fester on Zelle
CFPB Takes Action on Bait-and-Switch Credit Card Rewards Tactics
Consumer Harm Stemming from Certain Overdraft and Non-Sufficient Funds Fee Practices
CFPB Report Finds Significant Drop in Annual Mortgage Applications and Originations in 2023
CFPB caps overdraft fees at $5 without APR disclosure
Banks Tighten Credit Access as Demand for Limit Increases Rises
ABA’s mortgage advocacy update: Dec. 11
CFPB’s Chopra won’t resign prior to Trump’s inauguration
WSJ columnist: NFL deal raises questions about credit unions’ tax-exempt status
The Consumer Bureau Is Likely Here to Stay, but Big Changes Await
Top 10: Fintech Trends in 2024
Credit Card Delinquency and Balance Growth Will Moderate in 2025
Report: FDIC not ready to handle regional bank failures at time of SVB collapse
Harper Issues Letter to CU Execs Outlining NCUA’s Approach to Overdraft, NSF Fees
Gen Digital to acquire MoneyLion in $1B deal
Economic Growth and Regulatory Paperwork Reduction Act of 1996
The Semi-Annual Report of the Bureau of Consumer Financial Protection
FTC Sends More Than $540,000 in Refunds to Consumers Harmed by Phantom and Abusive Debt Collection Scheme
Financial Stability Oversight Council calls for enhanced resilience amid evolving risks
ABA’s mortgage advocacy update: Dec. 11
The Consumer Bureau Is Likely Here to Stay, but Big Changes Await
Introducing New Enhancements to ACA’s State Guide
Three Things to Watch as FDIC Tightens Up on FinTech
The FHA’s Impact on Consumer Reporting Agencies
Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan
CFPB-Google battle likely to stretch into next administration
CFPB Explores Rulemaking on Amending FCRA Regulation for Identify Theft and ‘Coerced Debt’ Protections
New Proposed CFPB Consumer Data Regulation Would Significantly Expand FCRA Obligations
NCUA’s Q3 Data Shows Credit Unions’ Bread and Butter Getting Wiped Away
FTC Acts to Stop Scheme that Bilked Millions out of Student Loan Borrowers
Experian Introduces No Ding Decline to Help Consumers Apply for Credit Cards With Confidence
CFPB Issues Matched Pair Testing Report on Small Business Lending
Busy Week for the CFPB Ahead of Director’s Congressional Hearing
Consumer Bankers Association Aims to Reverse CFPB’s ‘Radical Pendulum Shift’
Reflecting On The FTC’s Latest Settlements With Sellers Of Sensitive Location Data
CFPB Targets Large Digital Payment Apps, But Will It Stick?
Community Banks and BSA/AML Compliance: The OCC’s Consent Order with Clear Fork Bank Proves Regulators Aren’t Only Focused on Large Financial Institutions
NCUA Releases Credit Union System Performance Data
CFPB Takes Action Against Student Loan Debt Collector Performant Recovery for Illegal Fee Generating Scheme That Cost Borrowers Thousands of Dollars
CFPB Kicks Off Rulemaking to Help Mitigate the Financial Consequences of Domestic Violence and Elder Abuse
Texas Federal Court Denies CFPB’s Motions and Finds Plaintiffs Likely to Succeed on the Merits in Significant Credit Card Late Fee Rule Decision
FDCI Survey Unbanked Households Hit Record Low
Trump’s First 100 Days: Banking & Financial Services
Compromised Version of NDAA Excludes Credit Card Competition Act
CBA Submits Letter to Senate Banking Committee ahead of CFPB Semi Annual Hearing
Equifax Class Action Data Breach Settlement: Payment Coming Really Soon
Acting Comptroller Issues Statement on Financial Stability Oversight Council’s Annual Report
Consumer Regulator Places Google Payment Under Supervision; Company Sues
US Judge Won’t Revive Rule Capping Credit Card Late Fees at $8
The CFPB’s Race Against the Clock
Fintech and AI Impacted by Proposed Reg V Amendment?
Federal report outlines potential risks to U.S. financial stability
Daily Decision Recap: Seven-Count Complaints and More
Office of the Comptroller of the Currency Updates “Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices” Booklet
CFPB Announces Return of $1.8 Billion in Illegal Junk Fees to 4.3 Million Americans Harmed in Massive Credit Repair Scheme
FTC Sends Payments to Consumers Harmed by Vivint’s Misuse of Consumer Credit Reports
CDIA Warns of Far-Reaching Consequences in CFPB’s Proposed Data Broker Rule
Rocket Mortgage Sues HUD Over Regulatory, Enforcement Discrepancies
CFPB Takes Action Against Climb Credit and Investment Firm 1/0 for Deceiving Borrowers About Coding Bootcamps and Vocational Programs
Bankruptcy Filings See Notable Increases in November 2024
House Leaders Introduce Bipartisan Measures on AI in Financial Services
FDIC Calls for Transparency in Bank-FinTech Deals
To Be or Not To Be: Challenge to the FTC’s CARS Rule Is Ripe for the Fifth Circuit to Decide
Will Credit Bureaus Continue to Escape Justice? Part 1: Why Consumers Suffer
Why the CFPB Medical Debt Credit Reporting Ban Could Hurt More Than It Helps
Court clarifies compliance date for small dollar lending rule
TrueAccord’s Recent Litigation Win: Email Is Always Convenient
The CFPB’s State Privacy Report Is the CFPB’s Latest Effort to Influence State Policymakers
CFPB issues final rule amending Regulation Z CARD Act, HOEPA and QM dollar amounts
Millions of American Families and Small Businesses Rely on Credit Unions to Protect their Money; The NCUA Must Be Properly Funded to Oversee the Credit Union System
How Trump could kill tough bank rules
FDIC looks to direct monitoring of fintech firms after Synapse collapse, Bloomberg News reports
National Association of Industrial v. Weiser
Regulators release strategies for financial institutions to combat elder financial exploitation
The CFPB Proposes New FCRA Rule to Dramatically Expand Its Scope, Though Finalization is Unlikely
Wiley Consumer Protection Download
CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies
ACA International Responds to Continued CFPB Overreach in Proposed Rule to Expand FCRA to Data Brokers
FTC Takes Action Against Gravy Analytics, Venntel for Unlawfully Selling Location Data Tracking Consumers to Sensitive Sites
FTC Takes Action Against Mobilewalla for Collecting and Selling Sensitive Location Data
Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices: Updated Comptroller’s Handbook Booklet and Rescissions
CDIA Warns of Far-Reaching Consequences in CFPB’s Proposed Data Broker Rule
GAO report flags Fed, FDIC supervisory ‘weaknesses’
Pawnshop chain cannot use ‘bona-fide error defense’ in MLA suit filed by CFPB
Federal Reserve Board Penalizes Two Banks for Compliance Deficiencies
Fifty Years of Access to Lending Opportunity: Where Are We Now?
VA proposes changes to loan reporting and guaranty loss rules
5 Ways the Trump Administration Is Going to Affect Credit Unions
What’s Coming in Consumer Finance Regulation & Enforcement?
Brighter Days Ahead for Bank M&A?
Trump plans to cap credit card interest rates
Synapse Investor Marc Andreessen Says CFPB “Terrorizes” Fintech, Crypto To Protect Big Banks
Donald Trump has been secretly communicating with ‘man crush’ Jamie Dimon about White House agenda for months: sources
Comenity Bank class action claims bank wrongfully obtained credit reports
‘Delete CFPB’: Musk calls for elimination of consumer bureau
OCC Hikes Assessment Rates for Large Banks
Visa to boost credit card fees next year
Trump Considering ‘Pretty Significant’ Changes to CFPB
CFPB Advises Employers To Comply With The FCRA When Using AI-Powered Employee Monitoring Reports
FTC Sends Refunds to Consumers Harmed by Credit Bureau Center’s Fake Rental Property Ads and Deceptive Promises of “Free” Credit Reports

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