Digital Article Repository
Click on the subject header for each category to access related reading articles, links, and additional information about each topic.
Appraisal Undervaluations
- Administration Takes on Racial Disparities in Home Valuations
- U.S. House Committee on Financial Services Calls on Regulators and Industry to Hold Appraisers Accountable and Announces Plans for Legislation
- NCUA Joins With Other Agencies, Depts. In Saying Appraisal Foundation Has Failed to Provide ‘Clear Warnings’
- Appraisal Discrimination Is Illegal Under Federal Law
- The CFPB Outlines Options To Prevent Algorithmic Bias In Home Valuations
Banking Secrecy Act/Anti-Money Laundering
- Senators Seek Maximum Funding for FinCEN to Fight Money Laundering, Corruption
- FinCEN Announces $140 Million Civil Money Penalty against USAA Federal Savings Bank for Violations of the Bank Secrecy Act
- Groups Publish AML Best-Practices Compliance Guide for MSBs
Buy Now, Pay Later
- 2022 Buy Now, Pay Later Apps, Trends & Statistics
- “More than 30 Buy Now, Pay Later Trends & Statistics for Banks in 2022”
- Top 6 BNPL apps in 2022
- Why Consumers Don’t Think BNPL Is ‘Debt’ (and Why It Matters)
- ‘Buy now, pay later’ is sending the TikTok generation spiraling into debt, popularized by San Francisco tech firms
- Regulators Scrutinize Buy Now, Pay Later Plans
- CFPB’s New Rules for BNPL Could Come by Year’s End
- “More than 30 Buy Now, Pay Later Trends & Statistics for Banks in 2022”
- “More than 30 Buy Now, Pay Later Trends & Statistics for Banks in 2022”
- What Might Responsible BNPL Look Like?
Cannabis Banking
- Cannabis Crime Wave Boosts Banking Prospects on Capitol Hill
- Cannabis Banking Activities Across the Country: CT’s Licensing Lottery, IL Delays, MI Universities to Study Cannabis, Marijuana Markets in GA and CA, U.S. DOT Proposals, and more
- Perlmutter Wants Cannabis Banking; Schumer Plans More
- Risk Alert: As employers, Credit Unions Are Encouraged to be Aware of Evolving Marijuana Laws
- Federal Cannabis Reform – Is 2022 the Year?
Climate Change
Consumer Financial Protection Bureau (CFPB)
- CFPB Orders $8M Paid to Consumers in Student Loan Scam
- CFPB Takes Action to Protect Depositors from False Claims About FDIC Insurance
- Read the Statement of CFPB Director Chopra, Member, FDIC Board of Directors, on the Final Rule Regarding False Advertising, Misrepresentations of Insured Status, and Misuse of the FDIC’s Name or Logo.
- Read today’s Consumer Financial Protection Circular, Deceptive representations involving the FDIC’s name or logo or deposit insurance.
- Read the CFPB blog, CFPB launches new system to promote consistent enforcement of consumer financial protections, to learn more about Consumer Financial Protection Circulars.
- CFPB Says It’s ‘Sharpening Focus’ on Digital Redlining, Algorithmic Bias
- Fair Lending Report of the Consumer Financial Protection Bureau May 2022
- Consumer Advocates Urge CFPB to Protect Consumers From “Junk Fees”
- CFPB and NY Attorney General Sue Repeat Offender MoneyGram for Leaving Families High and Dry; Company Ignored Government Warnings to Stop and Stranded Customers Waiting for Their Money
- CFPB Supervisory Report Finds Unlawful Auto Repossessions, Breakdowns in Credit Report Disputes
- CFPB Dusts Off Old Rule To Investigate FinTech
- Five CFPB Reports Issued This Week
- 4-20-2022 Complaint Bulletin: Medical billing and collection issues described in consumer complaints
- 4-19-2022 Data Spotlight: Challenges in Rural Banking Access
- 4-15-2022 Fair Debt Collection Practices Act Annual Report 2022
- 4-14-2022 CFPB Equity Action Plan
- 4-14-2022 Student Loan Borrowers Potentially At-Risk when Payment Suspension Ends
- CFPB Issues Policy on Contractual ‘Gag’ Clauses and Fake Review Fraud
- CFPB Targets Unfair Discrimination in Consumer Finance
- New Effort Focused on Financial Issues Facing Rural Communities
- CFPB Estimates $88 Billion in Medical Bills on Credit Reports
CryptoCurrency
- Former Regulators Join $45 Million Round in Crypto Risk Platform Solidus Labs
- Hackers Breached Mailchimp to Phish Cryptocurrency Wallets
- U.S. Agency Links North Korea Crime Ring to $540 Million Axie Infinity Crypto Hack
- U.S. SEC’s Peirce Sees ‘Movement’ on Stablecoin Regulations
- CoinDesk Podcast Network: When the Referees Play Favorites (audio)
- Regulation Makes Crypto Contributions Challenging for Political Campaigns
- Mexico May be Next Country to Give Bitcoin Legal Status
- A Rousing Week at Treasury (Click on topic title for full story.)
- April 5, 2022 – Treasury Sanctions Russia-Based Hydra, World’s Largest Darknet Market, and Ransomware-Enabling Virtual Currency Exchange Garantex
- April 5, 2022 – Testimony of Secretary of the Treasury Janet L. Yellen before the Financial Services Committee, U.S. House
- April 5, 2022 – Secretary of the Treasury Janet L. Yellen’s Meeting with Director General Tedros Adhanom Ghebreyesus of the World Health Organization (WHO)
- April 6, 2022 – U.S. Treasury Escalates Sanctions on Russia for Its Atrocities in Ukraine
- April 7, 2022 – Remarks from Secretary of the Treasury Janet L. Yellen on Digital Assets
- State Warns Idaho Investors of Fraudulent Cryptocurrency Schemes
- Regulator Says Crypto Bank Violated Anti-Money Laundering, Compliance Rules
- Crypto Transactions Come under Regulatory Scrutiny Globally as U.S. Regulators Strengthen AML Rules
- NY Regulator Gets Authority to Charge Crypto Firms for Time Spent on Inspections
- Crypto’s Most Powerful Regulator Is Here, Adrienne Harris New York’s Financial Watchdog Has Enormous Sway Over the Industry’s Future.
- Fed’s Lael Brainard Sees Case for U.S. Central Bank Digital Currency
- Idaho Central Credit Union Launches Bitcoin Services
- SEC’s Crypto Crusade at Risk in Looming Legal Battles
- Fed Chair Powell: ‘War Underscores Need’ for Crypto Regulation
- Securities and Exchange Commission Chair Gary Gensler Comments on New Crypto Regulation Initiatives
- Senate Intro’s Bill to Prohibit Federal Reserve from Issuing Central Bank Digital Currency
CyberSecurity
- Cyber Insurance Experts Discuss Emerging Market Trends in Attacks and Coverage
- Digital Bank Heists – Because That’s Where the Money Is Today
- FBI Issues PSA on Business Email Compromises
- OPINION: Cybersecurity Metrics Corporate Boards Want to See
- What is the Metaverse?
- Establishment of the Bureau of Cyberspace and Digital Policy
- US Says It Disrupted Russian Botnet ‘Before It Could Be Weaponized’
- Financial Leaders Grappling with More Aggressive and Sophisticated Attack Methods
- CISA and FBI Publish Advisory to Protect Organizations from Destructive Malware Used in Ukraine
- Iranian Government-Sponsored Actors Conduct Cyber Operations Against Global Government and Commercial Networks
- CISA Releases New Insight to Help Critical Infrastructure Owners Prepare for and Mitigate Foreign Influence Operations
- CISA Issues “Shields Up” Hacking Alert
- DHS Launches First-Ever Cyber Safety Review Board
- Think It Can’t Happen to You? Spoofing, Phishing, and Smishing (Click on topic title for full story.)
- Fintech giant Stripe jumps into crypto with a feature that lets Twitter users get paid in stablecoin
- Top Social Media Scams And How To Avoid Them
- “Faked Out: Con artists copycatting social media profiles lure family and friends into scams”
- Smishing: Phishing with a Different Bait
- LinkedIn Accounts for Half of all Phishing Attempts Worldwide
- Effects of the Russia-Ukraine Conflict
- How Are State Agencies Preparing in the Cyber Space? (Click on topic title for full story.)
- Global Cybersecurity Awareness (Click on topic title for full story.)
- Senate Approves Cyber Incident Reporting Rule for Critical Infrastructure, FISMA Reform
Data Breach
Federal Reserve
- Inside the Fed’s Interest Rate Hike
- Fed’s Michelle Bowman Opens Door to Larger March Rate Hike
Audio/Listen to the Articles
- 3-minute listen at NPR: The Federal Reserve raises interest rates for the first time since 2018
- 7-minute listen at Bloomberg.com: Fed Lifts Rates a Quarter Point and Signals More Hikes to Come
FinTech
- New Robinhood Debit Card Waitlist Opens: Invest and Earn Crypto and Stock
- Robinhood quietly stops users from signing up for cash accounts amid scrutiny from regulators
- Another Fintech Enters the Long-Time Domain of Traditional FIs With New Debit Card
- With Digital Checking, Goldman’s Marcus Looks to Create 153-Year-Old Neobank
- Collaborative Credit Union Founded Neobank, Bank Dora Financial’s National Model for Serving the Underserved
Fraud and Risk
- The Federal Reserve Releases a Synthetic Identity Fraud Mitigation Toolkit
- Synthetic Identity Fraud: The Basics – explains what synthetic identity fraud is, why you should care, and why fraudsters commit this type of fraud.
- How Synthetic Identities are Used – describes what is hiding in your portfolio and how fraudsters use synthetics to commit fraud and increase their payouts.
- When Synthetics Become a Reality – outlines examples of common synthetic use cases.
- Detecting a Synthetic Identity –provides tools to help colleagues and consumers identify and prevent synthetic identity fraud.
- Five Ways Banks and Credit Unions Must Mitigate Risks and Losses in 2022
Industry Trends
- Federal Reserve Bank of New York: Total Household Debt Increases in Q1 2022, Driven by Mortgage and Auto Balances
- Federal Reserve Center for Microeconomic Data
- CUNA Economic Update Examines Financial Well-being Metrics
- NCUA Releases Community Development Revolving Loan Fund Report to Congress
- AACUL Survey Reveals Depth of League System Engagement
- NCUA Releases 2021 Fourth Quarter Credit Union System Performance Data
- Industry Leaders Predict Massive Changes in Banking by 2025
- Federal Reserve Board Begins 2022 Survey of Consumer Finances
- Callahan Outlines Five Takeaways from Fourth-Quarter 2021 Trendwatch
- Four Trends Influencing Financial Services Transformation in 2022 Beyond
National Credit Union Administration (NCUA)
- NCUA Statement on Committee Passage of Vendor Authority and Underserved Areas Bills
- NASCUS Issues Two Comment Letter to NCUA on PCA Relief and ONES Supervision (Article and Related Links Below)
- NCUA Board Briefed on Cybersecurity Threats and Diversity, Equity, and Inclusion Program
- Community Development Revolving Loan Fund Grant Round Opens May 2
- NCUA Board Approves Proposed Rule to Recognize Electronic Pleadings and Communications
- Letter to Credit Unions Amends ‘Service Facility’ Rule
- NCUA Final Rule on Definition of Service Facility
- NCUA Chairman Todd M. Harper Statement on the NCUA’s 2022–2026 Strategic Plan
- NCUA Chairman Todd M. Harper Statement on the Corporate System Resolution Update
- NCUA Releases 2021 Annual Report
- 2022 CUNA GAC: Harper, Hood, and Hauptman Share Regulatory Goals
- Opinion Article: CCULR/RBC Unconstrained by Statute — An Arbitrary Regulatory Act
Overdraft Protection Programs (ODP)
- Overdraft Fees, NCUA Oversight of Vendors Comes Up During Another Senate Hearing
- Card Interchange, Overdraft Fees Get Scrutiny During Senate Hearings
- Filene Outlines ODP Best Practices in an Ever-changing Environment
- What’s the Real Motivation Behind Sweeping Changes to Overdraft Services?
- PSECU Announces Removal of Non-Sufficient Funds Fees, Lowers Courtesy Pay Fee, and Continues No-Fee Overdraft Protection Transfer Service
Payday Lending
Technology