The Consumer Financial Protection Bureau (CFPB) has detailed an action order against Bank of America for a series of alleged infractions. The CFPB alleges Bank of America systematically double-dipp...
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The Federal Housing Finance Agency (FHFA) is seeking input regarding a proposed rule amending the Suspended Counterparty Program (SCP) regulation. “Amending the Suspended Counterparty Program wil...
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Officials with the U.S. Department of the Treasury are espousing the benefits of its Homeowner Assistance Fund (HAF), which has aided more underserved communities than prior federal mortgage assistanc...
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U.S. Reps. Bill Huizenga (R-MI) and Steve Womack (R-AZ) expressed concerns with the Securities and Exchange Commission’s (SEC) proposed new rules for private fund advisors. Specifically, the lawm...
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The Federal Reserve Bank of New York's New York Innovation Center (NYIC) and its partners are exploring the feasibility of an interoperable network for wholesale payments operating on a shared multi-e...
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A Conference of State Bank Supervisors (CSBS) analysis maintains community bankers' outlook regarding economic conditions has reached lowest recorded level since the survey began in 2019. According...
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The Consumer Financial Protection Bureau (CFPB), U.S. Department of Health and Human Services (HHS), and U.S. Department of Treasury are investigating the prevalence of high-cost specialty financial p...
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An Insured Retirement Institute (IRI) research brief maintains millions of Generation X (Gen X) workers will approach retirement uneasy about Social Security and with worries about insufficient retire...
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A group of U.S. senators are urging the Consumer Financial Protection Bureau (CFPB) to take action to protect consumers from scams and fraud caused by artificial intelligence (AI) and machine learning...
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HSBC Bank, based in London, has joined BT and Toshiba’s quantum-secured metro network to prepare its global operations against future cyber threats. HSBC is the first bank to join this network, w...
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