<span class="vcard">Amanda Tuckey</span>
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Banks Say Court’s ‘Novel’ Ruling Upends Wire Transfer Business
The banking industry wants a federal appeals court review in New York’s case against Citibank, arguing that a judge has injected uncertainty into the wire transfer market. Courtesy of Justin...
FTC Lawsuit Temporarily Halts ‘Phantom Debt Collection’ Scheme
The Federal Trade Commission (FTC) said Monday (March 3) that its lawsuit led a federal court to temporarily halt the operations and freeze the assets of a “phantom debt collection”...
Women Are Driving the Wellness Revolution in Cannabis
Women are driving innovation and shaping cannabis market trends, which could be the way to reinvigorate the struggling industry. As more women embrace cannabis for wellness purposes such as stress...
House Committee Adopts Resolution to Nullify CFPB Overdraft Rule
The House Financial Services Committee on March 5 took the first step toward repealing the CFPB’s overdraft rule, adopting a resolution under the Congressional Review Act. The resolution, H. J....
U.S. Treasury’s Bessent Vows to Re-Privatize an Economy That Is ‘Brittle Underneath’
U.S. Treasury Secretary Scott Bessent on Tuesday argued that the U.S. economy is more fragile under the surface than economic metrics suggest and vowed to “re-privatize” growth by cutting government...
ICYMI: Shutting Down CFPB ‘Begging for Another Financial Crisis’ Says Former Director
Rohit Chopra, the former director of the Consumer Financial Protection Bureau (CFPB), argued Monday that shutting down the agency is “begging for another financial crisis,” as the Trump administration takes...
Microsoft: Hackers Steal Emails in Device Code Phishing Attacks
An active campaign from a threat actor potentially linked to Russia is targeting Microsoft 365 accounts of individuals at organizations of interest using device code phishing. The targets are in the government, NGO, IT services...
Takeaways from Rodney Hood’s First Public Speech as OCC Acting Chief
The regulator outlined his top priorities – including financial inclusion, technology, and cybersecurity – while speaking at a conference for community bankers. Rodney Hood, the new acting head of the...
Fraud is Growing and Mutating. Cut It Off As Early As Possible
According to a new report, the explosion of financial fraud – and its increasing sophistication and professionalization – will require a refreshed response from banks and credit unions, one that...
Regulatory Oversight Podcast
State Regulators Step Up: Responding to the CFPB’s New Leadership — Regulatory Oversight Podcast In this special joint edition of the Consumer Finance Podcast and the Regulatory Oversight Podcast, host...
White House Weighs Folding FDIC Into Other Agencies
The Trump administration is reportedly considering plans to shrink one of America’s banking regulation bodies. These talks propose folding the Federal Deposit Insurance Corp. (FDIC) into the Treasury Department, the Wall Street Journal reported late...
OPINION: Open Finance Ecosystems – The Only Certainty in a Changing US Financial Regulatory Landscape
The CFPB’s future is uncertain. In fact, it may disappear altogether under the Trump administration. But one thing is clear: consumers demand greater control over their financial data. As the...