The Federal Deposit Insurance Corporation (FDIC) issued a report on a program offered by the Internal Revenue Service (IRS) to help unbanked Americans. Specifically, the report examines the role th...
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Payment processing company Visa hit a new milestone with its tokenization technology, as Visa tokens have generated more than $40 billion in incremental ecommerce revenue for businesses globally. O...
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The Consumer Financial Protection Bureau (CFPB) finalized a rule to establish a registry of corporate offenders that have broken consumer laws or are subject to government or court orders. When a f...
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The June 2024 ICE Mortgage Monitor Report shows that annual home price increases slowed a bit in April. This marks the second consecutive month of pullbacks, according to the report, which is prod...
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The Securities and Exchange Commission settled charges against investment advisory firm, Mass Ave Global. The proceedings against Mass Ave Global and its co-founder and CEO Winston M. Feng were for...
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On Friday, the Consumer Financial Protection Bureau (CFPB) announced it had filed a lawsuit against Pennsylvania Higher Education Assistance Agency (PHEAA) for illegally pursuing borrowers whose loans...
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On Thursday, a report from Deloitte said Artificial Intelligence (AI) and climate change would have a significant impact on the financial services industry over the next three to five years. Accor...
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The Internal Revenue Service is going to make Direct File a permanent option for filing federal tax returns starting in the 2025 tax season. Further, the IRS is exploring ways to expand Direct File...
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The Consumer Financial Protection Bureau (CFPB) has initiated a public inquiry into junk fees found in mortgage closing costs. The CFPB is seeking to find out why closing costs are increasing, who...
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U.S. banks generated net income of $64.2 billion in the first quarter of 2024, up $28.4 billion 79.5 percent from the prior quarter, according to the Federal Deposit Insurance Corporation’s latest Q...
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