Tue, December 10, 2024
[ Tue, Dec 10th 2024 ]: inc42
Zepto HR Head Martin Dinesh Gomez Resigns
[ Tue, Dec 10th 2024 ]: Kiplinger
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[ Tue, Dec 10th 2024 ]: The Boston Globe
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[ Tue, Dec 10th 2024 ]: businesstech.co.za
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[ Tue, Dec 10th 2024 ]: The New York Times
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[ Tue, Dec 10th 2024 ]: Finance & Commerce
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[ Tue, Dec 10th 2024 ]: Business Insider
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[ Tue, Dec 10th 2024 ]: The Peninsula
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[ Tue, Dec 10th 2024 ]: moneycontrol.com
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[ Tue, Dec 10th 2024 ]: Reuters
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[ Tue, Dec 10th 2024 ]: Forbes
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[ Tue, Dec 10th 2024 ]: MSN
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[ Mon, Dec 09th 2024 ]: Business Today
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[ Mon, Dec 09th 2024 ]: The New Zealand Herald
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[ Mon, Dec 09th 2024 ]: USA Today
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[ Mon, Dec 09th 2024 ]: BBC
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[ Mon, Dec 09th 2024 ]: MSN
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[ Mon, Dec 09th 2024 ]: Fortune
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[ Mon, Dec 09th 2024 ]: Reuters
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[ Mon, Dec 09th 2024 ]: Business Insider
Meet the new Trump administration staffers who will shape key US policies starting in 2025

To help abuse survivors, Biden watchdog launches rulemaking

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The U.S. watchdog for consumer finance on Monday announced the start of the rulemaking process to protect victims of domestic violence and elder abuse, saying those who suffer such mistreatment can be coerced into taking on debt or opening bank accounts.
The U.S. Consumer Financial Protection Bureau (CFPB) has initiated a rulemaking process to develop regulations that would facilitate easier access to financial records for survivors of domestic abuse, as announced on December 9, 2024. This move aims to help survivors of domestic violence, elder abuse, and human trafficking by allowing them to obtain financial records more readily, which is crucial for escaping abusive situations, securing housing, and proving abuse in legal proceedings. The CFPB's action follows a request from the White House's Gender Policy Council to address the financial barriers faced by abuse survivors. The proposed rules would require financial institutions to provide quick access to these records upon request, potentially reducing the time and complexity involved in gathering necessary documentation. Public comments on the proposed rule are being accepted until February 7, 2025.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/help-abuse-survivors-biden-watchdog-launches-rulemaking-2024-12-09/ ]