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Federal Reserve Board and FDIC Release Reports on Signature Bank Findings
The Federal Reserve Board (FRB) on Friday published the results from their review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S....
How Banks Can Modernize Collections As Consumer Debt Balloons
The financial industry is facing a reality check. Amid unprecedented economic uncertainty, rising consumer debt, and growing delinquency rates, traditional collections strategies are falling short. Years of inflation, rate hikes,...
Growing Share of U.S. Adults Say Their Personal Finances Will Be Worse a Year from Now
Amid a downbeat economic outlook and sagging consumer confidence, Americans’ views about their personal financial situation have remained relatively stable over the past year. A majority say they’re in only...
Uncle RICO Gets the High Court Treatment: Cannabis Companies and Those Who Provide Services to Them May Be Subject to RICO Claims for Labeling, Advertising
Recently, a divided United States Supreme Court held that a cannabis product manufacturer could face civil liability under the Racketeer Influenced and Corrupt Organizations Act (RICO) if a consumer suffered...
US Cybersecurity at a Crossroads as Trump Admin Rewrites Federal Cyber Policy
At the 2025 RSA Conference in San Francisco, Secretary of Homeland Security Kristi Noem delivered a blistering keynote that reignited a fierce national debate over the future of cybersecurity governance...
California’s Purvi Patel Appointed to the NASCUS Regulator Board
The National Association of State Credit Union Supervisors (NASCUS) is pleased to announce the one-year appointment of Purvi Patel of the California Department of Financial Protection and Innovation (DFPI) to...
VIDEO: How Smaller Credit Unions Can Modernize Their Core Banking Capabilities
Finastra’s VP, Product Management Pete Longo stopped by CUbroadcast to share his insights on how smaller financial institutions can modernize their core banking. Pete explains how they are doing this,...
Report Warns of Sophisticated Cybersecurity Threat Environment
A recent cybersecurity report finds that nearly one in five middle market organizations experienced a data breach in the last year, despite the fact most executives are confident in their...
Rescheduling or Descheduling Marijuana: How Would Industry Be Impacted?
The possible reclassification of marijuana under the federal Controlled Substances Act is sparking debate about dismantling barriers to interstate commerce and the future of the industry. While many states have...
OCC to Remove Dedicated Supervision for Community Banks
The agency’s restructuring will merge the supervision of large, midsize, and community banks The Office of the Comptroller of Currency (OCC) is set to implement an organizational restructuring that removes...
CFPB Ends Enforcement of Registry of Consumer Law-Breaking Nonbank Financial Companies
The Consumer Financial Protection Bureau (CFPB) said Friday (April 11) that it will not prioritize enforcement of a regulation requiring a registry of nonbank financial companies that have broken consumer...
Homebuyers Rush to Riskier Loans, As Tariff Turmoil Pushes Interest Rates Higher
Key Points The share of borrowers applying for adjustable-rate loans jumped to the highest in over two years. Mortgage rates jumped 20 basis points in one week. Homebuyers pulled back,...
OCC Combines Supervision into Single Unit
The Office of the Comptroller of the Currency will merge its large, midsize and community bank supervision units into a single office, according to an agency announcement on Wednesday. According...