Federal Deposit Insurance Corporation (FDIC) Chair Jelena McWilliams has announced her resignation, effective Feb. 4. The Consumer Bankers Association issued a statement on McWilliams’ resignatio...
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The Consumer Bankers Association (CBA) reflected on 2021, highlighting some of the changes and successes from last year. “In spite of continued challenges, CBA over the last year was proud to de...
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A group of lawmakers expressed support for the Biden Administration’s student loan payment pause extension while calling on President Joe Biden cancel $50,000 in federal student debt for borrowers. ...
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U.S. Sen. Marco Rubio (R-FL) is working to drum up support in the U.S. Senate for his bill that aims to prohibit American investment in Chinese companies that pose a threat to national security. T...
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The Credit Union National Association (CUNA) has expressed support for the Consumer Financial Protection Bureau’s (CFPB) inquiry into technology companies’ payments practices. In a Dec. 20 lett...
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A pair of lawmakers are encouraging the Treasury Department to ensure new Foreign Financial Intelligence Unit Liaisons personnel possess narcotics-related finance and other money laundering issues pro...
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A group of U.S. senators recently urged Treasury Secretary Janet Yellen to work with Congress to ensure that the cryptocurrency provision in the Infrastructure Investment and Jobs Act is implemented i...
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A group of six U.S. senators recently urged federal regulators to strengthen oversight of “buy now, pay later” (BNPL) installment loan providers. BNPL products allow consumers to split the cos...
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More than $8.7 billion in investments will be deployed through the Emergency Capital Investment Program (ECIP) to increase lending to small and minority-owned businesses and low- and moderate-income c...
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The U.S. Government Accountability Office (GAO) released a report outlining the need for better information sharing and collaboration to combat trade-based money laundering (TBML). TBML is the syst...
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