How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
Bureau extends comment period on FDCPA proposal
On March 3, 2020, the CFPB published a Supplemental Notice of Proposed Rulemaking requesting comment on a proposal to amend Regulation F, which implements the Fair Debt Collection Practices Act (FDCPA) to require debt collector to make certain disclosures when collecting time-barred debts (see our earlier Top Story). The comment period was set to close on May 4, 2020. The Bureau has published a notice in the March 27, 2020, Federal Register extending the comment period through June 5, 2020.