The Consumer Financial Protection Bureau (CFPB) recently issued consumer reporting company guidance regarding screening and elimination obligations related to credit report junk data. “When a cre...
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U.S. Reps. Blaine Luetkemeyer (R-MO) and Brad Sherman (D-CA) recently forwarded correspondence to the Federal Housing Finance Agency (FHFA) Director Sandra Thompson, noting concerns regarding the pote...
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The Commodity Futures Trading Commission (CFTC) imposed over $2.5 billion in enforcement penalties in fiscal year 2022, according to its annual report. The penalties were assessed through either r...
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A new survey conducted by Morning Consult for the American Bankers Association (ABA) reveals trends and preferences among consumers when it comes to banking. Among the highlights, the survey found ...
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A group of Republican lawmakers introduced legislation this week that mandates that a fiduciary of a retirement plan must act solely in the financial and pecuniary interest of the participants and ben...
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Small Business Administration (SBA) officials have outlined the agenda for the first Small Business Cyber Summit, a virtual forum slated for Oct. 26, 2022, amid National Cybersecurity Awareness Month....
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Freddie Mac will roll out a new innovation to mortgage lenders nationwide through Freddie Mac’s automated underwriting system, Loan Product Advisor (LPA), starting Nov. 6. The innovation facilita...
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U.S. Sen. John Hickenlooper (D-CO) forwarded correspondence to Securities and Exchange Commission (SEC) Chair Gary Gensler, expressing his support of the agency formally engaging in cryptocurrencies o...
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Visa and the B2B company Thunes are detailing a partnership they said has resulted in Visa Direct’s expanded reach to nearly 7 billion endpoints. The expansion includes over three billion cards, ...
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The Washington State Department of Commerce is seeking proposals to create a roster of mentors to aid prospective cannabis business owners. The agency is also seeking a facilitator to launch the pr...
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The Federal Deposit Insurance Corporation (FDIC) board of directors approved the publication of an Advance Notice of Proposed Rulemaking (ANPR) for requirements for large banks should they fail. Sp...
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The Independent Community Bankers of America (ICBA) and its affiliated state associations are urging the Federal Housing Finance Agency to align its capital rules with those of the federal banking age...
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The U.S. Department of the Treasury’s Federal Insurance Office (FIO) issued a proposal on Tuesday that would facilitate the collection of data from insurance companies to help it assess climate-rela...
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The Federal Deposit Insurance Corporation (FDIC) on Tuesday adopted a final rule to increase deposit insurance assessment rates by 2 basis points for all banks beginning in the first quarter next year...
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Credit card company Mastercard introduced a new program this week that allows financial institutions to bring secure crypto trading capabilities and services to their customers. The program, called C...
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The Federal Reserve Board is seeking public comment on a proposed rule that looks to enhance the ability of regulators to resolve large banks in an orderly way should they fail. With recent merger ac...
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A group of lawmakers have forwarded correspondence to Education Secretary Miguel Cardona, seeking insight regarding federal employees potentially receiving student loan refunds. At issue, per the l...
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Blumberg Capital's 2022 AI survey examining consumer behavior and attitudes on artificial intelligence (AI) maintains there is a generally positive perception of how AI can improve experiences across ...
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The Congressional Hispanic Caucus and the U.S. Congress Joint Economic Committee (JEC) released a report this week that examines the contributions Latina workers make to the U.S. economy, as well as t...
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U.S. Sen. Elizabeth Warren (D-MA) reached out to the CEO of Wells Fargo with new information that indicates that Wells Fargo customers are reporting fraud and scams on the money transfer platform Zell...
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