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Fifth Third Bank Sued By CFPB Over Fake Accounts

PYMNTS

The consumer agency further alleges that, despite knowing since at least 2008 that employees were opening unauthorized consumer-financial accounts, Fifth Third took insufficient steps to detect and stop the conduct and to identify and remediate harmed consumers.

CFPB 67
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Is US Financial Regulatory Reform Dead or Ready for Take Off?

FICO

In June, the House adopted, along a party line vote, the Choice Act, which aims to make broad changes to the 2010 Dodd-Frank statute. Many are also optimistic that new FCC leadership will result in much-needed reform in the area of Telephone Consumer Protection Act (TCPA).