The California Department of Financial Protection and Innovation (“DFPI”) released the final version of the implementing regulations for California’s Debt Collection Licensing Act (“DCLA”), along with final responses to comments submitted. Read More
Month: December 2021
NEW YORK IMPOSES NOTICE AND GRACE PERIOD ON CREDIT CARD REWARDS
The New York Governor signed into law S.B. 133, a bill regulating credit card rewards programs. S.B. 133 requires credit card issuers give notice to cardholders whenever they modify or cancel any accounts or rewards programs. Read More
FEDERAL BANKING AGENCIES ISSUE JOINT CYBERSECURITY NOTIFICATION RULE
The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Federal Reserve Board issued a joint rule in the wake of significant data security incidents and cyberattacks in the financial services sector. Read More