Tom Hudson and Eric Johnson from Hudson Cook stopped by the Smart Compliance Blog to chat about the future of the CFPB. On June 8, the U.S. House of Representatives passed House Financial Services Committee Chairman Jeb Hensarling’s (R-Texas) Financial Choice Act of 2017 by a vote of 233-186. The vote was straight down party lines, except […]
The latest financial services compliance news, tools, and insights to keep you cool, calm and compliant.
Do you know the cost of the phone calls your company and vendors are making? Even the worst data plan in the world is more affordable than a Telephone Consumer Protection Act violation.
What are you doing next Thursday? Oh, wait, I already know the answer: You’re joining us at 10am Pacific (1pm Eastern) for Internal Audit Insider Tips—right? I mean, it’s not like anyone would want to miss the chance to talk about audits for an hour.
Halloween month is finally underway, and we’re exploring some seriously scary workforce compliance topics. The Compliance Monsters are already sneaking around on our site, and later this month, we’ll be hosting a webinar on a truly terrifying subject: audits.
It can be tough to find the information you need to keep your organization up to date with the latest regulatory and legal developments. In some industries, that’s because the information made public is scant and tailored to a specialized audience. In other industries, it’s because of a firehose-like outpouring of stories, opinions, and state […]
Michael Benoit from our partners at Hudson Cook stopped by to talk about what happened on July 10, when the Consumer Financial Protection Bureau issued the final version of its arbitration rule banning consumer financial services providers from enforcing federal or state court class-action waivers in pre-dispute arbitration agreements. The rule – which takes effect […]
Over the years we’ve spent tracking and studying the Compliance Monsters, we’ve seen too many workforce compliance programs and personnel fall victim to one in particular: the Spreadsheet Eater. Maybe it’s because countless organizations continue to use spreadsheets, an obvious food source, breeding ground, and habitat for a creature named after them.
Eric Johnson from our partners at Hudson Cook stopped by to talk about what happened on July 19, when the Consumer Financial Protection Bureau (CFPB) published a new arbitration rule (Rule) that would ban companies (or “Providers” in the Rule) from using pre-dispute arbitration agreements to prohibit consumers from seeking class relief in a court. […]
Audit. Yuck. Along with “bankruptcy,” “lawsuit,” and “cyberattack,” “audit” is one of those words that can instantly raise a consumer finance executive’s blood pressure. Even if the thought of an audit doesn’t cause agita or insomnia, it tends to elicit a grimace. No one wants to undergo an audit. At best, it takes away precious […]