Posts Tagged ‘rules’

Will Regulation Solve Cybersecurity Problems?

Posted on November 13, 2017 by Laura Lam

Cybersecurity was a main topic at a recent New York banking conference.  According to Arthur Lindo, senior associate director of the Fed’s division of supervision and regulation, more rules may not be the best answer to protecting the financial system.  “I don’t think the solution to the cybersecurity problem rests in regulation,” said Lindo.  “We’re going to try a more flexible approach.” The Fed and other regulators issued a notice of proposed rulemaking on cyber risk management standards last year, which is typically followed by a prospective rule. After the industry and others involved in computer security discouraged regulators from…

Taking Matters Into Your Own Hands

Posted on April 13, 2010 by Saldutti

According to recent reports from the Federal Trade Commission, consumers filed nearly 120,000 complaints against third party debt collection agencies and creditor collection operations in 2009.  One explanation of this trend is the sharp increase in collection activity over the past year.  The Commercial Collection Agency Association (CCAA) reported that its members received a record volume of business-to-business accounts for collection in 2009.  With more debt to collect and more consumers contacted by creditors and debt collectors, there is more opportunity for consumer complaints. If your business is owed money, don’t feel guilty about collecting what is rightfully yours.  However…