<span class="vcard">Amanda Tuckey</span>
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Despite Fed Cuts, Many Store Credit Cards Are Still Charging Extreme Interest Rates
The findings from the Consumer Financial Protection Bureau shed light on impacts to consumers who rely on major retailers’ credit programs. The Consumer Financial Protection Bureau found that 19% of...
U.S. Regulator’s ‘Problem Bank’ List Grows as Industry Profits Dip
A top U.S. bank regulator added two banks to its so-called “problem bank” list in the third quarter, while overall industry profits dipped 8.6%, the regulator said. The Federal Deposit...
Dec. 20: CFPB Recent Updates
Published DEC 20, 2024 CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for Allowing Fraud to Fester on Zelle Today, the Consumer Financial Protection Bureau (CFPB) sued the operator...
Dec. 13: CFPB Recent Updates
Published DEC 12, 2024 CFPB Issues Overdraft Lending Final Rule Today, the CFPB issued a final rule that amends Regulations Z and E to ensure that extensions of overdraft credit offered...
Op-ed: Five Things I Learned as a Credit Union Examiner Turned CEO
Prior to joining my credit union, I spent four years on the other side of the conference room table as a National Credit Union Administration examiner. [Insert examiner joke here]....
FinCEN Issues Spanish Translations on Check Fraud Schemes
FinCEN Issues Spanish Translations of Alert and In-Depth Analysis on Nationwide Surge in Mail Theft-Related Check Fraud Schemes Targeting the U.S. Mail Today, the Financial Crimes Enforcement Network (FinCEN) is...
Federal Bank Regulatory Agencies Seek Comment on Effort To Reduce Regulatory Burden
Federal Deposit Insurance Corporation Federal Reserve Board Office of the Comptroller of the Currency The federal bank regulatory agencies today announced their third notice requesting comment to reduce regulatory burden....
CISA Releases Guidance For Network Monitoring to Detect Malicious Cyber Actors
The Cybersecurity and Infrastructure Security Agency (CISA), in collaboration with the National Security Agency (NSA), Federal Bureau of Investigation (FBI), and international partners, has released crucial guidance for monitoring networks...
Dec. 6: CFPB Recent Updates
Published DEC 06, 2024 CFPB Sues Comerica Bank for Systematically Failing Disabled and Older Americans The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank for systematically failing its 3.4 million Direct...
Nov. 15: CFPB Recent Updates
Published NOV 14, 2024 CFPB Orders Global Tel Link to Pay $3 Million for Illegally Freezing and Draining Payments Accounts for People Who Are Incarcerated The Consumer Financial Protection Bureau (CFPB)...
Household Debt Rose Modestly; Delinquency Rates Remain Elevated
The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report shows total household debt increased by $147...
U.S. House Committee on Financial Services Hearing Notice: Oversight of Prudential Regulators
Washington, November 13, 2024 – Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), announced the following hearing: Full Committee Hearing Entitled: “Oversight of Prudential Regulators” Time: 10:00 AM ET Date:...