Joint agency guidance for banking institutions on third-party risk management – including that related to arrangements with fintech (financial technology) firms – was issued Tuesday for a 60-day public comment period by the Federal Reserve, […]
Most consumers have exited loan payment assistance they may have received early in the coronavirus crisis – and that includes some people who tended to live in communities hit hardest by the financial impact of […]
Enabling merchants to secure loans for consumers without their authorization has earned an Atlanta-based fintech company a consent order from the federal consumer financial protection agency, essentially requiring a refund of up to $9 million […]
Federal moratoriums on mortgage foreclosures during the pandemic helped push foreclosures down some 85% from June 2019 to June 2020, and foreclosures remained low through February 2021, a report by the congressional watchdog shows. The […]
Globally consistent, comparable, and reliable disclosures as well as a broader set of high-quality, relevant data together can provide the basis to assess the risks of climate change, particularly on financial stability, the vice chair […]
A webinar focusing on consumer financial protections for military servicemembers and their families is slated July 28 by the National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), and Federal Trade Commission (FTC). The […]
Financial institutions remained resilient through the first six months of 2021, although some vulnerabilities – such as households and businesses under strain – have increased since February, the Federal Reserve said Friday in its semiannual Monetary […]
Two have been named to positions newly created at Treasury’s financial crimes enforcement unit, one of them charged with leading the agency’s focus on digital currency. In a release Tuesday, the Financial Crimes Enforcement Network […]
Treasury plans to make clarifications and amendments to a capital investment program created for community development financial institutions (CDFIs) and minority depository institutions (MDIs) that may be disproportionately affected by the economic impacts of the […]
In yet another sign that the U.S. economy is growing quickly, consumer credit outstanding increased at a rate of 10% in May (seasonally adjusted), the Federal Reserve reported Thursday. The agency also reported an 11.4% […]
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