Also: Proposed CCPA regs, cost estimate released; Error resolution notice provisions on the Compliance Blog
NAFCU TODAY | The News You Need Daily.
October 16, 2019
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NAFCU's Thaler advocates for CUs ahead of CFPB testimony [ [link removed] ]
CFPB Director Kathy Kraninger today is set to testify in front of the House Financial Services Committee as part of the Committee's semi-annual review of the bureau. Ahead of the hearing, NAFCU Vice President of Legislative Affairs Brad Thaler reiterated the association's appreciation of the committee's ongoing oversight of the CFPB and efforts to promote financial inclusion and consumer protection.
California AG releases proposed CCPA regs, cost estimate [ [link removed] ]
California attorney general Xavier Becerra last week released proposed regulations to implement the California Consumer Privacy Act (CCPA) regarding a number of issues including notices, consumer requests, and more. The CCPA, which was previously enacted in June 2018, is currently set to go into effect on Jan. 1, 2020.
Compliance Blog: How to keep up with annual, periodic error resolution notices [ [link removed] ]
NAFCU Regulatory Compliance Specialist Alma Calcano, in a new post on the Compliance Blog, covers error resolution notice provisions for annual and periodic notices under Regulation E.
CFPB announces financial law task force [ [link removed] ]
The CFPB on Friday announced that it is assembling a taskforce to examine ways to harmonize and modernize federal consumer financial laws. The taskforce – reporting to CFPB Director Kathy Kraninger – will recommend ways to improve and strengthen consumer financial laws and regulations.
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