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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...
Rodney E. Hood Announced as Acting Comptroller of the Currency
The U.S. Department of the Treasury announced the appointment of Rodney E. Hood as Acting Comptroller of the Currency, effective February 10, 2025. U.S. Secretary of the Treasury Scott Bessent...
Financial Firms Hated US Consumer Watchdog, But Rapid Unraveling Creates Limbo
At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop work at the Consumer Financial Protection Bureau (CFPB) and question...
FCC Delays Implementation of New Text Message Consent Rules
On January 24, the FCC issued an order postponing the effective date of its one-to-one consent rule. The rule, which would have required companies to obtain individual consent for each...
CFPB: Strengthening State-Level Consumer Protections Report
The CFPB is releasing new recommendations to states on how they can update their laws and regulations to meet new risks and challenges. Consumer protection law has long been a...