Archive for May 2013

CFPB Rule to Help Stay-At-Home Spouses Get Credit Cards

The Consumer Financial Protection Bureau has issued rules on The Credit Card Accountability Responsibility and Disclosure Act (“CARD Act”) to make it easier for stay-at-home spouses and partners to get credit cards by allowing card issuers to consider household income in their applications. The 2009 CARD Act requires that card issuers determine if a consumer is

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FTC Fines Telemarketer for TCPA Violations, Orders It to Cease Illegal Robocalls

The FTC has ordered the California company Skyy Consulting, Inc., which provides robocalling services to its clients as CallFire, to pay a $75,000 fine and stop all illegal telemarketing robocalls as part of a settlement between the parties. The Federal Trade Commission had charged Skyy Consulting with violating the Telemarketing Sales Rule (TSR), by helping

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FTC, CFPB to Co-Host Roundtable on Data Integrity in Debt Collection

I will be attending a joint FTC-CFPB roundtable on data integrity in debt collection on June 6, at the FTC’s Satellite Building Conference Center in Washington, D.C. Consumer advocates, industry experts, regulators and more will attend the roundtable to discuss what information is available to collectors and how it is being used in the debt

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