Search Results for keywords:"identity theft"

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Search Results: keywords:"identity theft"

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  • 2025-05198 — Proposed Collection; Comment Request; Extension: Regulation S-ID
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    Type:Notice
    Citation:90 FR 13936
    Reading Time:about 14 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the extension of an information collection under Regulation S-ID, which aims to safeguard investors against identity theft risks. This regulation mandates SEC-regulated financial institutions and creditors to create programs to detect and address "red flags" of identity theft and communicate with cardholders about address changes. Annually, these entities must assess their accounts and report to their boards, incurring additional costs and time. Comments on this proposal are open until May 27, 2025.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to know what people think about a rule that helps stop identity theft by asking certain banks to look out for warning signs and keep people safe. They're asking for ideas until May 27, 2025, but some people think the rule is really long and hard to understand.

  • 2024-31670 — Supervisory Highlights, Issue 37 (Winter 2024)
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    Type:Notice
    Citation:90 FR 607
    Reading Time:about 31 minutes

    The Consumer Financial Protection Bureau (CFPB) has published its 37th edition of Supervisory Highlights, which outlines recent findings from examinations of financial institutions completed in 2024. The report highlights unfair practices in the areas of deposits, such as unauthorized overdraft and non-sufficient funds fees, and issues with credit reporting related to identity theft and dispute investigations. It also discusses problems with short-term lending, including misleading loan terms and denial of credit under unfair conditions. The document emphasizes the importance of accurate information and consumer protection in financial services, noting efforts to correct violations and implement safeguards.

    Simple Explanation

    The Consumer Financial Protection Bureau (CFPB) found that some banks were being unfair, like charging people sneaky extra fees and not helping them fix mistakes on their credit reports. The report reminds them to be honest and protect people better when handling their money.