In the News
Treasury Announces 2024 National Illicit Finance Strategy
Strategy Highlights Recent Reforms to Close Loopholes Exploited by Illicit Actors; Recommendations Include Increasing Transparency, Leveraging Partnerships, and Supporting Responsible Technological Innovation The U.S. Department of the Treasury issued the...
NCUA Board Briefed on Share Insurance Fund’s First Quarter Performance
The National Credit Union Administration Board held its fourth open meeting of 2024 and received a briefing by the Deputy Chief Financial Officer on the performance of the National Credit Union Share...
May 23: Recent CFPB Activities
The Consumer Financial Protection Bureau The Consumer Finance Protection Bureau (CFPB) is responsible for consumer protection in the financial sector. CFPB’s jurisdiction includes credit unions, banks, securities firms, payday lenders,...
U.S. Supreme Court Upholds Consumer Finance Watchdog Agency’s Funding Mechanism
May 16 (Reuters) – The U.S. Supreme Court on Thursday upheld the Consumer Financial Protection Bureau’s funding mechanism in a challenge brought by the payday loan industry, handing a victory to President Joe Biden’s administration and...
May 17: Recent CFPB Activities
The Consumer Finance Protection Bureau (CFPB) is responsible for consumer protection in the financial sector. CFPB’s jurisdiction includes credit unions, banks, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services,...
Navigating the Regulatory Maze: Hemp Industry Calls for Additional Federal Action
The hemp industry wants additional regulation. Yes, you read that correctly, and stakeholders are coalescing to push for action from the federal government. The passage of the 2018 Farm Bill...
The Importance of Educating Members on Fraud Alert Procedures
“How do I know if it’s the credit union or a scammer?” The importance of educating our members on the fraud alert procedure. Have you ever received a call from...
Agencies Issue Guide to Assist Community Banks to Develop And Implement Third-Party Risk Management Practices
Federal bank regulatory agencies, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, today released a guide to support community...
May 10: Recent CFPB Activities
The Consumer Finance Protection Bureau (CFPB) is responsible for consumer protection in the financial sector. CFPB’s jurisdiction includes credit unions, banks, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services,...
Treasury’s FIO Launches New Partnership with the NSF on Terrorism & Catastrophic Cyber Risks
This week, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted the 2024 International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) Annual Conference. IFTRIP is a forum of...
Global Banking Regulators Target Mismanagement in Handling Risks from Clients
Global banking regulators on Tuesday proposed stricter standards for banks when assessing risks from customers to avoid the mismanagement highlighted by the collapse of Archegos, and episodes of volatility in...
May 3: Recent CFPB Activities
The Consumer Finance Protection Bureau (CFPB) is responsible for consumer protection in the financial sector. CFPB’s jurisdiction includes credit unions, banks, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services,...