Buckley LLP’s InfoBytes Blog monitors and reports on news, legal developments and legislative actions affecting the financial services industry. With a focus on issues ranging from fair lending to consumer financial services regulation and the CFPB, InfoBytes Blog is a comprehensive and timely source for in-house counsel and industry executives to stay abreast of developments affecting their industry.
Articles: 1-10 of 9252
Russia Sanctions and Export Controls: New Measures in a U.S. Crackdown
Russia, USA - May 29 2023 The United States has strengthened economic sanctions and export controls targeting Russia, following through on commitments made at a G7 summit this…
District Court approves $4.3 million data breach settlement
Global, USA - May 26 2023 Earlier this month, the International Organization of Securities Commissions (IOSCO) released draft policy recommendations to support greater…
Fintech fined over interest charges billed as tips and donations
USA - May 26 2023 A California-based fintech company recently entered separate consent orders with California, Connecticut, and the District of Columbia to resolve…
Iowa modernizes money transmission provisions
USA - May 26 2023 The Iowa governor recently signed HF 675 to revise certain provisions of the Uniform Money Transmission Modernization Act. The Act is designed to…
Arizona amends licensing provisions
USA - May 26 2023 On May 19, the Arizona governor signed HB 2010 to amend certain sections of the Arizona revised statutes relating to the Department of Insurance and…
Pennsylvania reaches $11 million settlement with rent-to-own company
USA - May 26 2023 On May 15, the Pennsylvania attorney general announced a $11.4 million settlement with a rent-to-own lender and its subsidiaries accused of engaging…
OFAC expands Russian sanctions
USA - May 26 2023 The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) recently announced several actions targeting Russia’s attempts to circumvent…
Default judgment entered against predatory immigrant-services defendants
USA - May 25 2023 The U.S. District Court for the Western District of Virginia recently entered default judgment against defendants accused of misrepresenting the cost…
Freddie expands digital underwriting capabilities
USA - May 25 2023 On May 22, Freddie Mac announced new capabilities allowing lenders to use a borrower’s digital paystub data when assessing income paid through direct…
FTC, DOJ sue health app over data sharing and privacy practices
USA - May 25 2023 On May 17, the DOJ filed a complaint on behalf of the FTC against a health app for violating the Health Breach Notification Rule (HBNR) by allegedly…
