In the News
Credit Unions Lead Banks on Innovation: Study Shows
Filene publishes survey showing the average credit union on top of almost all bank brands. A study commissioned by Filene Research Institute found credit unions scored ahead of most banks...
Critical Bluetooth Flaw Exposes Android, Apple & Linux Devices to Takeover
Various devices remain vulnerable to the bug, which has existed without notice for years and allows an attacker to control devices as if from a Bluetooth keyboard. Attackers can exploit...
Global Banks Face Negative Outlook, Property Stress in 2024 – Moody’s
Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in 2024, credit rating agency Moody’s said on...
CFPB Updates This Week
PUBLISHED DEC 07, 2023 CFPB Orders Atlantic Union Bank to Pay $6.2 Million for Illegal Overdraft Fee Harvesting The Consumer Financial Protection Bureau (CFPB) today took action against Atlantic Union Bank...
Recent CFPB Updates
PUBLISHED NOV 30, 2023 CFPB Ombudsman’s Office 2023 Annual Report The Ombudsman’s Office annual report, which I delivered to the Director, is available today on our webpage. The Ombudsman’s Office is...
The Lawfare Podcast: Will Generative AI Reshape Elections?
How might, and might not, generative AI make a difference when it comes to the political landscape? Unless you’ve been living under a rock, you’ve probably heard a great deal...
Global Watchdog Proposes Detailed Climate Disclosures from Banks
A global watchdog on Wednesday proposed that, starting in January 2026, banks publish detailed information about the impact of climate change on their business to help investors and regulators check...
NCUA Board Approves Charitable Donation Accounts Final Rule
Nov. 16, 2023 – The National Credit Union Administration Board held its tenth open meeting of 2023 and approved a final rule that amends the charitable donation accounts section of the...
TransUnion report questions FHFA bi-merge shift strategy
Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little to no positive benefits. TransUnion SVP and...
Nov. 17: CFPB Updates This Week
PUBLISHED NOV 16, 2023 CFPB Report Highlighting Consumer Protection Issues in Medical Debt Collection The Consumer Financial Protection Bureau (CFPB) issued a report highlighting the challenges American families face when debt collectors pursue...
NCUA Comment Period Open on Simplification of Share Insurance Rules Proposed Rule
NASCUS Regulatory Summaries Recently Published *NEW* NCUA Rules 745: Simplification of Share Insurance Rules The comment period on a proposed rule that would simplify the NCUA’s share insurance regulations by establishing...
Staying on Top of FinCEN Updates
NASCUS Regulatory Summaries Recently Published *NEW* Financial Crimes Enforcement Network (FinCEN): Notice of Proposed Rulemaking and Request for Comment—Proposal of Special Measure Regarding Convertible Virtual Currency Mixing FinCEN Finalizes Rule on...