( Student Loans – Article ) ( Articles ) ( Student Loans ) Student Loans (SLP) Introduction SLP are financial products designed to help students pay for their education. While these loans can provide essential funding for tuition, fees, and living expenses, they can also lead to significant financial burdens if not managed properly. The […]
Month: November 2024
CFPB-PR-241114-1
CFPB-PR-241114-1 (11-14-24) CFPB Orders Global Tel Link to Pay $3 Million for Illegally Freezing and Draining Payments Accounts for People Who Are Incarcerated – Company profited by taking funds from inactive accounts and blocking money transfers from friends and family used to pay for basic needs WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took […]
CFPB-PR-241113-2
CFPB-PR-241113-2 (11-13-24) CFPB Survey Reveals Impacts of Student Loan Debt Relief and Repayment Challenges – Debt relief recipients report being able to make beneficial changes in their lives; many borrowers still unaware of repayment options WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) issued its first results from its Student Loan Borrower Survey, […]
CFPB-PR-241113-1
(CFPB-PR-241113-1) (11-13-24) CFPB Pilot Study Finds Differential Treatment in Small Business Lending Markets – Lenders less likely to encourage Black entrepreneurs and more often steer them toward alternative financing WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a study revealing significant disparities in how lenders treat Black and white small business owners seeking loans. […]
Whistleblower Awards – Article
( Whistleblower Awards – Article ) ( Articles ) ( Whistleblower Awards ) Whistleblower Awards (WBA) Introduction WBA are monetary rewards provided by federal regulatory authorities to individuals who expose wrongdoing, fraud, or other illegal activities within organizations. These awards serve as an incentive for whistleblowers to come forward with critical information that can help enforce […]
CFTC-PR-9006-24
CFTC-PR-9006-24 (11-12-24) CFTC Awards $4M to Two Whistleblowers Excerpt: WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced it is awarding nearly $4 million to two whistleblowers who provided information leading to the successful enforcement of a covered action. Information from both whistleblowers formed the basis for the CFTC’s investigations underlying the covered action. One […]
Data Privacy Laws – Article
( Data Privacy Laws – Article ) ( Articles ) ( Data Privacy Laws ) Data Privacy Laws (DPL) Introduction DPL in the United States govern how personal information is collected, used, and protected by organizations. As digital interactions increase, these laws are crucial for safeguarding individuals’ privacy rights and ensuring responsible handling of personal […]
CFPB-PR-241112-1
( CFPB-PR-241112-1 ) (11-12-24) CFPB Report Details Carveouts for Financial Institutions in State Data Privacy Laws – Gaps in consumer protections pose risks as companies increasingly build business models to make money from personal financial data WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released a report (PDF 23-pages) examining federal and state-level privacy protections […]
FTC-PR-241112-1
FTC-PR-241112-1 (11-12-24) FTC Action Stops H&R Block’s Unfair Downgrading Practices and Deceptive Promises of ‘Free’ Filing – Proposed settlement would require company to pay $7 million for consumer redress and make changes for consumers in tax filing seasons 2025 and 2026 A Federal Trade Commission lawsuit is leading to changes for consumers who use H&R […]
Money Laundering Operations – Article
( Money Laundering Operations – Article ) ( Articles ) ( Money Laundering Operations ) Money Laundering Operations (MLO) Introduction MLO refer to the systematic processes used by individuals or organizations to disguise the origins of illegally obtained money, making it appear legitimate. This article will explore the key stages involved in money laundering operations, […]