A dozen U.S. senators from both sides of the aisle recently proposed legislation that would make several improvements to the nation’s unemployment insurance system to combat fraud and improve access...
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A final rule issued on July 17 by six federal regulatory agencies will implement quality control standards for automated valuation models (AVMs) that are used by mortgage originators and secondary mar...
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The U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) have made resources available to financial services firms on best practices for secure cloud adoption...
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The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products are consumer loans subject to the Truth in Lending Act. The guidanc...
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday sanctioned several individuals for timeshare fraud they perpetrated on Americans via Mexico-based transnation...
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Financial technology company Aven received a $142 million series D round of funding for its new credit card product. Aven, founded in 2019 by Sadi Khan, Collin Wikman, and Murtada Shah, is developing...
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Discover Bank, a subsidiary of Discover Financial Services, is selling its private student loan portfolio. The loan portfolio will be sold to one or more strategic partnerships comprised of investm...
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The Consumer Financial Protection Bureau (CFPB) recently took two actions against Cleveland-headquartered Fifth Third Bank to settle both the bureau’s investigation into the bank’s auto insurance ...
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U.S. President Joe Biden announced plans this week that seeks to lower housing costs, create more affordable housing, and control the cost of rent. The Biden-Harris Housing Plan would build 2 milli...
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The Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) are urging the Federal Housing Finance Agency (FHFA) not to make any changes to ...
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