On Friday, the Consumer Financial Protection Bureau (CFPB) announced it had proposed a rule that would accelerate the shift toward open banking. The Personal Financial Data Rights rule would activ...
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The U.S. Senate passed a resolution that seeks to block the Consumer Financial Protection Bureau’s (CFPB) small business data collection rule. The rule requires covered financial institutions to...
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The Internal Revenue Service (IRS) released new details about its Direct File pilot program for the 2024 filing season. The 2024 Direct File pilot, a new service that will provide taxpayers with th...
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On Monday, U.S. Sen. Tim Scott (R-SC) led a coalition of Banking Committee Republican who called on the Federal Housing Finance Agency (FHFA) to implement reforms in credit scoring models. Scott, ...
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Total mortgage origination volume is expected to increase to $1.95 trillion in 2024 from the $1.64 trillion expected in 2023, according to the Mortgage Bankers Association (MBA). By loan count, tot...
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America’s professional athletes rake in the big bucks, accumulating hefty bank accounts oftentimes by a young age. At the same time, though, knowing how to manage their new-found wealth is an entire...
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U.S. Rep. Bill Huizenga (R-MI) introduced a bill in the House last week that would effectively cut off the Iranian Government from the U.S. financial system. Specifically, Huizenga’s No U.S. Fin...
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The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion on a provision enacted by Congress that prohibits large banks and credit unions from charging excessive fees for basic inform...
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The Securities Industry and Financial Markets Association (SIFMA) and SIFMA Asset Management Group (AMG) are urging the Securities and Exchange Commission (SEC) not to move forward on a proposal relat...
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The National Association of Federally-insured Credit Unions is asked the U.S. Consumer Financial Protection Bureau to be more transparent about potential supervisory use of artificial intelligence (AI...
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