On Thursday, the 14th of June, the House Financial Services Committee tabled a vote on a bill to ease anti-money laundering (AML) requirements because Representatives disagreed about the exclusion of new restrictions on shell-company.
Following the Federal Reserve's decision to raise rates, Federal Reserve Chairman Jerome Powell answers questions about potential regulatory changes. Link to Video in Post.
Two bills have now been introduced (one in each chamber of Congress) that, if passed, would largely moot the pending proceeding before the FCC regarding the scope of the TCPA. The new bills would expand the reach of the TCPA to cover predictive dialers–the most commonly used sort of dialers by marketers and servicers alike–although the bills would clarify that using dialers in preview or manual mode does not trigger statutory liability. That would essentially take the law back to where it was on July 9, 2015–right before the FCC expanded the statute to include every call made by every smartphone in America.
Hackers have demanded a ransom of 1 million Canadian dollars ($770,000) each from two banks, payable in the cryptocurrency exchange system Ripple's XRP token
Prosecutors said Woojae “Steve” Jung, a 37-year-old Korean citizen, made more than $130,000 by trading illegally on confidential information relating to upcoming transactions and merger negotiations that he was privy to through his job.
The agency formerly known as the Consumer Financial Protection Bureau will now be the Bureau of Consumer Financial Protection, Acting Director Mick Mulvaney told an audience of more than 1,300 bankers at an American Bankers Association conference.
Earlier this month, Reuters reported that 2.5 million more people's information was compromised in the Neverending EquiBreach Story. That means a whopping 147.9M people have been affected by last year's massive Equifax hacking(thus far... who knows... more victims may be discovered at a later date).
This final rule replaces the single-billing-cycle exemption for periodic statements and coupon books with a single-statement exemption when servicers transition to providing modified or unmodified periodic statements and coupon books to consumers entering or exiting bankruptcy.