CFPB Updates 1071 Compliance Dates In light of the recent Supreme Court ruling on May 16th that the CFPB’s funding is, in fact, constitutional, the Consumer Financial Protection Bureau has updated its 1071 page with new mandatory compliance dates and filing deadlines under the Section 1071 Rule: https://lnkd.in/g6phmXFD The CFPB plans to issue an interim Final Rule to formalize these updates. Find all your 1071 Resources here - https://lnkd.in/gR-zZNA3
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Our 5 Golden Rules for handling complaints made against your financial services firm (5/5): 𝗥𝘂𝗹𝗲 𝗙𝗶𝘃𝗲: 𝗥𝗶𝗴𝗵𝘁 𝗧𝗼 𝗘𝘀𝗰𝗮𝗹𝗮𝘁𝗲 Regardless of your conclusion in the FR you must advise the complainant of their right to escalate the complaint to the Financial Ombudsman Service. This is a simple requirement but is often over looked by firms when issuing what they believe to be a compliant FR. Now you know the five rules, if you need any specialist support, head to the link in the comments and we’d be happy to discuss.
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Our 5 Golden Rules for handling complaints made against your financial services firm (5/5): 𝗥𝘂𝗹𝗲 𝗙𝗶𝘃𝗲: 𝗥𝗶𝗴𝗵𝘁 𝗧𝗼 𝗘𝘀𝗰𝗮𝗹𝗮𝘁𝗲 Regardless of your conclusion in the FR you must advise the complainant of their right to escalate the complaint to the Financial Ombudsman Service. This is a simple requirement but is often over looked by firms when issuing what they believe to be a compliant FR. Now you know the five rules, if you need any specialist support, head to the link in the comments and we’d be happy to discuss.
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QAR has made all the headlines when it comes to financial services reform, but the ALRC has been conducting an important review of financial services legislation at the same time. The review has made 58 recommendations, analysing over 10 million pages of documents across the various Acts, court judgements, regulatory guides and legislation compilations. The inquiry found that financial services legislation is unnecessarily complex and the 58 recommendations are aimed at simplifying legislation, in particular the corporations act, to be easier to navigate, interpret and apply. You can read the final report here: https://lnkd.in/gCSF_kEK
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The Statute of the Court of Justice of the EU is undergoing an extensive reform aimed at reducing the Court's workload, particularly impacting the financial sector. This article examines the key aspects of the reform and how the appeal filtering mechanism works. Read more. https://ow.ly/Ylhc50SkxMa #whitecase
ECJ reform reduces judicial protection against substantial decisions of the SRB and the ESAs to one instance | White & Case LLP
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As the Consumer Financial Protection Bureau continues to expand its oversight of the #financialservices industry and beyond, staying abreast of its activity is more important than ever. Husch Blackwell's Mike G. Silver, Marci Kawski, and Catherine Albrecht-Wiese examine the implications of the Supreme Court's decision for the CFPB's policy and enforcement agenda, other noteworthy CFPB activity from the first half of the year, and what the rest of 2024 will bring for the CFPB. Read more at Law360: https://lnkd.in/gPxpMEFa
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The Supreme Court might have recently ruled in favor of the Consumer Financial Protection Bureau's funding structure, but debates over regulations seem far from over. Our consultants can help your organization scout the regulatory landscape and determine the best strategies forward. Story by PYMNTS #FinancialRegulations #CFPB https://bit.ly/3ynJNP3
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Check out my latest blog that discusses the ruling from the Supreme Court in regards to the funding structure of the CFPB as well as remarks from the CFPB Director Rohit Chopra on the ruling. #cfpb https://lnkd.in/ereKWkrQ
Supreme Court Upholds Consumer Financial Protection Bureau’s Funding
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The Statute of the Court of Justice of the EU is undergoing an extensive reform aimed at reducing the Court's workload, particularly impacting the financial sector. This article examines the key aspects of the reform and how the appeal filtering mechanism works. Read more. https://ow.ly/qhKV50SkoMp #whitecase
ECJ reform reduces judicial protection against substantial decisions of the SRB and the ESAs to one instance | White & Case LLP
whitecase.com
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The Statute of the Court of Justice of the EU is undergoing an extensive reform aimed at reducing the Court's workload, particularly impacting the financial sector. This article examines the key aspects of the reform and how the appeal filtering mechanism works. Read more. https://ow.ly/ebHm50Sm6Xr #whitecase
ECJ reform reduces judicial protection against substantial decisions of the SRB and the ESAs to one instance | White & Case LLP
whitecase.com
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The Statute of the Court of Justice of the EU is undergoing an extensive reform aimed at reducing the Court's workload, particularly impacting the financial sector. This article examines the key aspects of the reform and how the appeal filtering mechanism works. Read more. https://ow.ly/F4NL50Skw7S #whitecase
ECJ reform reduces judicial protection against substantial decisions of the SRB and the ESAs to one instance | White & Case LLP
whitecase.com
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