Written By ESR News Blog Editor Thomas Ahearn A woman living in Lincoln City, Oregon, “was surprised to discover she had been dead since 2019” after being notified about the news of her death in a letter addressed to her estate from her bank – which is among the largest banks in the United States …Continue reading "Bank Tells Oregon Woman She Is Dead Despite the Fact She Is Very Much Alive"
Written By ESR News Blog Editor Thomas Ahearn On July 24, 2020, the Consumer Financial Protection Bureau (CFPB) – a government agency that enforces federal consumer financial law –announced plans to issue an advance notice of proposed rulemaking (ANPR) later in 2020 on consumer-authorized access to financial records, according to a news release from the …Continue reading "CFPB to Issue Notice on Consumer-Authorized Access to Financial Data"
Written By ESR News Blog Editor Thomas Ahearn On November 15, 2019, the Consumer Financial Protection Bureau (CFPB) – the agency enforcing federal consumer financial laws – issued an interpretive rule clarifying screening and training requirements for financial institutions which employ loan originators with temporary authority that will be effective on November 24, 2019. The …Continue reading "CFPB Issues Rule on Screening and Training of Mortgage Loan Originators"
Written By ESR News Blog Editor Thomas Ahearn On July 29, 2019, the Financial Industry Regulatory Authority (FINRA) – which regulates brokerage firms doing business with the public in the U.S. – announced it had fined Citigroup Global Markets Inc. (CGMI) $1.25 million for failing to conduct timely or adequate background checks on more than 10,000 …Continue reading "FINRA Fines Citigroup Global Markets $1.25 Million for Failing to Conduct Adequate Background Checks"