News Archives
TransUnion Report: 2024 State of Omnichannel Fraud
Trends and insights for enabling trusted commerce Global digital transaction growth following the pandemic pushed fraud to new heights in 2023. Identity-based fraud is accelerating as cybercriminals harvest more stolen...
News Klarna to launch credit card offering in the US “over the next few months”
Following successful debuts in Europe, Swedish buy now, pay later (BNPL) firm Klarna is now preparing to extend its credit card offering to consumers in the US. Klarna Card to launch in...
CFPB Takes Action to Stop Illegal Junk Fees in Mortgage Servicing
Homeowners forced to pay for “services” that were prohibited or unauthorized. The Consumer Financial Protection Bureau (CFPB) today published an edition of Supervisory Highlights describing the agency’s actions to combat junk fees...
Police Bust Cybercrime Phishing Subscription Network
Police have arrested 37 members of a criminal gang that operated a phish-for-subcription Website that duped up to 70,000 UK victims into entering their bank details at fraudulent internet sites....
NCUA Board Approves Advance Notice of Proposed Rulemaking on Records Retention
The National Credit Union Administration Board held its third open meeting of 2024 and unanimously approved an advance notice of proposed rulemaking that solicits stakeholder comments on ways the agency can improve...
April 19: Recent CFPB Activities
PUBLISHED APR 17, 2024 CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs The Consumer Financial Protection Bureau (CFPB) issued an order...
Learn How to Stop Hackers from Exploiting Hidden Identity Weaknesses
We all know passwords and firewalls are important, but what about the invisible threats lurking beneath the surface of your systems? Identity Threat Exposures (ITEs) are like secret tunnels for...
CFPB Finds Violations of Credit Report Accuracy Requirements, Including for Survivors of Human Trafficking
Examiners also found furnishers failed to correct false information and reported fraudulent information. The Consumer Financial Protection Bureau (CFPB) published an edition of Supervisory Highlights to share key findings from recent...
Building the CDFI Sector in Puerto Rico
Puerto Rico’s community development financial institution (CDFI) sector has grown 15-fold over the last decade following a collaboration that brought together leaders from government, community development finance, and Puerto Rico’s...
Five Key Credit Union Trends to Continue to Watch
According to the latest report released by the National Credit Union Administration, credit unions remain mostly stable in their performance and resilient to the challenges of the current economic environment at...
Nationwide Branch Advert Banned as Misleading
A Nationwide advert has been banned for incorrectly suggesting that the building society has not been closing branches. In October and November, Nationwide ran a TV, radio and press ad that sees...
CFPB Blog: Consumer Reporting Companies Have an Obligation to Correct Errors
The consumer reporting system maintains detailed profiles on millions of Americans. Companies harvest information on people’s financial status or record of paying bills and provide that information to consumer reporting...