Nevada joins other states to enhance privacy protections for consumers

The trend of states increasing privacy protections for consumers continues to gain momentum throughout the country. Nevada is the most recent example and enacted new legislation to enhance privacy protections for its residents. This amendment to existing online privacy and data protection laws, Senate Bill 220 (S.B. 220), will be effective on October 1, 2019. Read more >>

Compliance Management, State Regulatory

A breath of fresh air: Web Content Accessibility Guidelines updated

In an increasingly online world, financial service providers are tasked with ensuring that their websites can be accessed by all people—regardless of cognitive or physical capabilities. The risks of failure include defense of fair lending claims, given that access to credit (through the internet) should not be denied based on disability. Until the DOJ issues a statement to the contrary, companies avoiding liability and unwanted litigation should aim to fall within the W3C’s guidelines as closely as possible.

To the relief of many, this goal may be more clearly attainable in the wake of the most recent update on June 5, 2018. The W3C issued WCAG 2.1, an updated set of guidelines that builds upon previously established rules and bolsters the organization’s internet accessibility efforts.

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Compliance Management, Legal Developments

Stein to speak at 2017 MBA Regulatory Compliance Conference

Banking and financial services attorney David Stein is a featured speaker at this year’s Mortgage Bankers Association (MBA) Regulatory Compliance Conference, which takes place September 17-19 in Washington, D.C. Addressing one of the most significant issues facing banks and lenders, he will participate in a panel discussion on loan originator compensation, Truth in Lending Act (TILA) rules and the Fair Labor Standards Act (FLSA). Stein is a member of the MBA Legal Committee and a thought leader in this area. He regularly works with banks and lenders to proactively plan compensation strategies that comply with TILA and FLSA. At the conference, he will share his knowledge and experience with industry leaders, attorneys and compliance personnel. To learn more about the MBA Regulatory Compliance Conference, visit the MBA website

Compliance Management, Consumer Lending and Services