Compliance

Regions Bank Fined for Surprise Overdraft Fees

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In a consent order that was announced yesterday with the Consumer Financial Protection Bureau, Regions Bank has agreed to pay $191 million in fines and restitution after it was accused of charging its customers “illegal surprise” overdraft fees on certain purchases. A copy of the consent order can be accessed …

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Groups Sue CFPB Over Anti-Discrimination Policy

A group of financial services organizations, along with the U.S. Chamber of Commerce, yesterday sued the Consumer Financial Protection Bureau, alleging the regulator overstepped its statutory authority when it warned companies about engaging in activities that could be found to be discriminatory and claiming that it is acting outside of …

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FCC Starts Rulemaking Process to Block Unwanted Text Messages

The Federal Communications Commission yesterday announced a Notice of Proposed Rulemaking that seeks to crack down on illegal and fraudulent text messages, finally taking action more than a year after initially announcing the proposal. The number of complaints received by the FCC related to unwanted text messages increased by 146% …

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Compliance Digest – September 26

I’m thrilled to announce that Bedard Law Group is the new sponsor for the Compliance Digest. Bedard Law Group, P.C. – Compliance Support – Defense Litigation – Nationwide Complaint Management – Turnkey Speech Analytics. And Our New BLG360 Program – Your Low Monthly Retainer Compliance Solution. Visit www.bedardlawgroup.com, email John H. Bedard, Jr., or call (678) 253-1871. Every week, …

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