The Consumer Financial Protection Bureau (CFPB) has issued an advisory opinion regarding convenience fees debt collectors impose on consumers seeking to make a payment in a particular way. “Feder...
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The Independent Community Bankers of America (ICBA) and several other banking industry groups released a white paper on the Consumer Financial Protection Bureau’s (CFPB) actions to expand its examin...
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U.S. Rep. Maxine Waters (D-CA), chair of the House Financial Services Committee, is urging federal regulators to investigate recent allegations made against Wells Fargo. The allegations say that th...
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The U.S. Securities and Exchange Commission (SEC) recently outlined charges against Ernst & Young LLP, alleging the audit firms' professionals cheated on exams required to obtain and maintain Certifie...
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The Consumer Financial Protection Bureau (CFPB) issued a rule affirming the ability of states to establish their own fair credit reporting laws. This allows states to enact state-level laws that a...
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INX Digital, a broker-dealer and owner of a digital asset trading platform, signed an agreement with a Swiss company, SICPA, to help governments digitize their monetary systems. The partnership bet...
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Several industry trade associations are urging the Consumer Financial Protection Bureau (CFPB) to grant a 60-day extension for comments on its proposed rule on credit card late fees that financial ins...
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A recently released Office of the Comptroller of the Currency (OCC) report found that the performance of the federal banking system first-lien mortgages improved during the first quarter of 2022. T...
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The U.S. Congress Joint Economic Committee (JEC) released its response to the Economic Report of the President, making recommendations to improve the economy. The JEC is required by law to respond...
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The House Financial Services Committee advanced the Close the Industrial Loan Company (ILC) Loophole Act, which drew praise from the Credit Union National Association (CUNA) and the National Associati...
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