consumerfinancemonitor.com - Consumer Finance Monitor | Ballard Spahr LLP | CFPB News, Guidance, Perspectives

Description: News, guidance and insightful perspectives for companies affected by the policies and actions of the Consumer Financial Protection Bureau (CFPB).

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CFPB, Federal Agencies, State Agencies, and Attorneys General

On April 24, the Governor of Kansas signed into law  Kansas Senate Bill 44 , which enacts the Financial Institutions Information Security Act (the “Act”). The Act requires credit services organizations, mortgage companies, supervised lenders, money transmitters, trust companies, and technology-enabled fiduciary financial institutions to comply with the requirements of the GLBA’s Safeguards Rule, as in effect on July 1, 2023.… Continue Reading

Following recent Senate testimony in which OpenAI CEO Sam Altman proposed additional Congressional oversight for the development of artificial intelligence (AI), Colorado Senator Michael Bennet has re-introduced the  Digital Platform Commission Act , a bill that would enable the creation of a federal agency to oversee the use of AI by digital platforms. … Continue Reading

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