The Federal Trade Commission (FTC) recently issued a rule regarding the Standards for Safeguarding Customer Information (Safeguards Rule) which requires financial institutions to make changes to their information security programs. ...
The House Financial Services Committee has scheduled a virtual hearing for Thursday, May 26, 2022, at 12:00 PM E.T., to examine the benefits and risks of a U.S. central bank ...
The Consumer Financial Protection Bureau (“CFPB”) launched a new system to provide guidance to other agencies with consumer financial protection responsibilities. While the CFPB is the main regulator responsible for ...
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that the Equal Credit Opportunity Act (ECOA) and Regulation B protect applicants seeking credit and those who have already ...
The Consumer Financial Protection Bureau (CFPB) has issued the Spring 2022 edition of its Supervisory Highlights report. This edition covers examination topics the CFPB identified between July and December of ...
The Consumer Financial Protection Bureau (CFPB) issued Spanish translations for certain Regulation E and Regulation B model forms. On April 29, 2022, the CFPB released Spanish translations for model forms ...
The Federal Deposit Insurance Corporation (FDIC) recently issued its latest version of Consumer Compliance Supervisory Highlights. The FDIC is responsible for supervising roughly 3,200 state-chartered banks and thrifts that are ...
The Consumer Financial Protection Bureau (CFPB) released a report showing that credit card issuers collectively charged $12 billion in late fees in 2020. The report makes several findings, including: Many ...
The Consumer Financial Protection Bureau (CFPB) issued a compliance bulletin and additional articles concerning the state of the auto market with inflation as well as the risky practices involved in ...
The National Credit Union Administration (NCUA) issued its Letter to Credit Unions regarding it approval of a final rule updating the CAMEL rating system that goes into effect April 1, ...