Bank Tells Oregon Woman She Is Dead Despite the Fact She Is Very Much Alive

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 …

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CFPB to Issue Notice on Consumer-Authorized Access to Financial Data

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 …

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CFPB Issues Rule on Screening and Training of Mortgage Loan Originators

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 …

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FINRA Fines Citigroup Global Markets $1.25 Million for Failing to Conduct Adequate Background Checks

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 …

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