[co-authors: Stephanie Duchesneau and Samuel Klein]
Weekly Fintech Focus
Federal financial regulators extend the deadline for responding to its request for information about financial institutions’ use of AI.
The CFPB issued FAQs on electronic funds transfers under EFTA and Regulation E to address issues related to fraud and private network rules.
The Federal Reserve proposed a rule to update the Durbin Amendment/Reg. II to ensure two debit networks are available, including for card-not-present transactions.
The Federal Reserve proposed a rule to apply Regulation J to FedNow transactions and to establish rules for the FedNow Service.
CSBS seeks comment on its proposed nationwide licensing framework for MSBs.
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Abstract: United States: Consumer Financial Protection Bureau provides sample disclosure language and guidance regarding its new rule imposed upon debt collectors of landlords.
Debt collectors, as defined under the Fair Debt Collection Practices Act, are now obligated to provide affirmative notice to tenants in non-payment eviction matters of their protections under the CDC Eviction Order, as discussed in our April 22 post.
Recently, the Consumer Financial Protection Bureau (CFPB) issued a Compliance Aid, which provided sample language debt collectors can use when communicating with tenants to comply with this new disclosure requirement. In its Compliance Aid, the CFPB stated that the “sample language is just one way to comply with the requirements in the 2021 IFR, and does not include all possible ways to satisfy the disclosure requirement.”
Green Pages Directory
Source: Office of Pollution Prevention and Compliance Assistance The Pennsylvania Green Pages directory is a guide to Pennsylvania businesses that produce environmental technologies and services.
The Pennsylvania Green Pages directory is a guide to Pennsylvania businesses that produce environmental technologies and services. The directory was produced in partnership with the state Department of Community and Economic Development and the
Pennsylvania Chamber of Business and Industry. The directory was designed to be used as a resource to promote Pennsylvania environmental technologies. In addition to contact names and telephone numbers, the directory contains brief descriptions of the
companies and their products and services.
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Legal Process Outsourcing market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Legal Process Outsourcing near future?
What is the impact analysis of various factors in the Global Legal Process Outsourcing market growth?
What are the recent trends in the regional market and how successful they are?
Quick Hit: On December 15, 2020, OFCCP announced the release of Directive 2021-02,
Certainty in OFCCP Policies and Practices (the “Directive”). The Directive generally “reaffirms” a number of certainty initiatives previously announced in agency publications, such as timely and efficient progress of compliance evaluations, professional conduct by OFCCP staff, and neutral scheduling of compliance evaluations. The only additional commitments made by the agency in the Directive are to conduct ongoing reviews of its policies and practices to ensure they are clear and certain to the stakeholder community, and to provide a process by which contractors can seek clarification or disclosure of a policy or practice to ensure greater certainty.