The total number of loans now in forbearance increased to 0.50 percent at the end of November, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. MBA estimates ...
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The Federal Reserve Board will seek public comment on changes to improve the transparency of its bank stress tests and reduce the volatility of capital buffer requirements. The stress tests evaluat...
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The Financial Industry Regulatory Authority (FINRA0 has ordered three financial firms to pay more than $8.2 million in restitution to customers. FINRA found that the three companies -- Edward Jones...
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U.S. Sens. Sherrod Brown (D-OH) and Jack Reed (D-RI) raised concerns with the Federal Reserve about the growing risks posed by the private credit market. In a letter to Federal Reserve Chair Jerom...
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North Dakota Department of Financial Institutions Commissioner Lise Kruse was appointed by the Conference of State Bank Supervisors to serve on the Financial Stability Oversight Council (FSOC). Kru...
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The U.S. Department of the Treasury released a report that offers recommendations based on the feedback from a request for information (RFI) on the Uses, Opportunities, and Risks of Artificial Intelli...
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U.S. Sens. Ron Wyden (D-OR), Jon Ossoff (D-GA), and Raphael Warnock (D-GA) are urging the Government Accountability Office (GAO) to investigate the costs of implementing the Georgia Pathways to Covera...
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U.S. Sen. Elizabeth Warren (D-MA) is among a group of senators seeking more information on a real estate company that recently shut down. The company, called EasyKnock, recently closed its doors o...
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The Department of Homeland Security (DHS) issued a final rule that will allow U.S. companies that need seasonal workers to more quickly fill those jobs. The rule will modernize and improve the H-2...
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The Consumer Financial Protection Bureau (CFPB) put out a warning about some credit card companies operating rewards programs that may be breaking the law. The warning addresses practices in credi...
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The U.S. Commodity Futures Trading Commission’s Market Risk Advisory Committee adopted three sets of recommendations for the CFTC’s consideration after a public meeting on Dec. 10. The recomme...
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U.S. Rep. Ron Wyden (D-OR), chair of the Senate Finance Committee, released draft legislation that seeks to close a tax loophole. The loophole is used to shelter income from taxes through the use o...
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The Consumer Financial Protection Bureau’s (CFPB) annual report on trends in the residential mortgage lending market showed a significant decline in mortgage lending activities in 2023. The repor...
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Shareholders for WesBanco and Premier Financial overwhelmingly approved the previously announced merger of the two banks. The merger involves WesBanco, based in West Virginia, acquiring Premier, ba...
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The Consumer Bankers Association (CBA) is among a group of entities taking legal action against the Consumer Financial Protection Bureau's (CFPB) final rule on overdraft services. The American Ban...
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U.S. Sens. Ron Wyden (D-OR) and Elizabeth Warren (D-MA) are seeking information from TD Bank Group about a criminal conspiracy involving a fentanyl money laundering scheme. The criminal conspiracy ...
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The Consumer Financial Protection Bureau (CFPB) adopted a final rule that closes an outdated overdraft loophole that exempted overdraft loans from lending laws. The reforms, which apply to banks a...
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a Chinese cybersecurity company and one of its employees in relation to an April 2020 firewall incident. ...
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U.S. Reps. Adrian Smith (R-NE) and Chuck Edwards (R-NC) are among a group of 27 House lawmakers that are asking President-Elect Donald Trump to end the Internal Revenue Services’ Direct File pilot p...
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U.S. Rep. Dan Meuser (R-PA) leveled criticism at the Financial Crimes Enforcement Network (FinCEN) for its lack of support for small businesses related to a recent rule change. Specifically, Meuse...
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