Infobytes - A Weekly In-depth review of news & developments in the financial services industry - November 30, 2012

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Explore:  CFPB FDIC FHFA FinCEN SEC

In This Issue:

- FEDERAL ISSUES

- COURTS

- MISCELLANY

- FIRM NEWS

- FIRM PUBLICATIONS

- MORTGAGES

- BANKING

- CONSUMER FINANCE

- SECURITIES

- PRIVACY/DATA SECURITY

- PAYMENTS

- Excerpt from Consumer Finance:

CFPB Warns Specialty Consumer Reporting Agencies about FCRA Compliance. On November 29, the CFPB issued a bulletin to nationwide specialty consumer reporting agencies (NSCRAs) reminding such firms of their obligation under FCRA to facilitate the process by which consumers may obtain a free annual consumer report. The CFPB also announced that its enforcement team issued warning letters to several NSCRAs that may be violating FCRA, based on reviews conducted under the CFPB's new authority to examine certain CRAs....

Please see full newsletter below for more information.

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Written by:

Published In:

SEC

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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