Rising fraud associated with the COVID-19 Employee Retention Credit (ERC) is the subject of an alert to financial institutions by the Treasury’s financial crimes investigation unit, the agency said Wednesday in a release. The alert […]
Called the “largest in history,” two settlements totaling $4.3 billion were announced late Tuesday against Binance Holdings Ltd. and its affiliates for violations of U.S. anti-money laundering laws, the Treasury Department said in a release. […]
The creation of a special committee to oversee an independent review of workplace culture at the Federal Deposit Insurance Corp. (FDIC) amid ongoing reporting on past allegations of sexual harassment and other misconduct at the […]
A former sales and service representative at a Fayetteville, Ark., branch of Arvest Bank who transferred money from an elderly customer’s account to her own has been barred by the Federal Reserve Board from future […]
A $60 million payment for fines and consumer redress was ordered against a carmaker’s lending arm for allegedly directing customers to a dead-end cancellation hotline, withholding refunds, and “knowingly” tarnishing credit reports with false data, […]
Public comments on a proposed rule subjecting larger nonbank companies that offer digital payment apps and wallets will be accepted by the Consumer Financial Protection Bureau (CFPB) through Jan. 8, according to a notice in […]
More than $30 million in relief was ordered Monday for student borrowers from a former Delaware company after the federal consumer financial protection agency and 11 states charged the firm with illegal loans and abusive […]
Title: Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications Subject: Digital payments; larger market participants Agency: CFPB Status: Proposed rule Summary: The Consumer Financial Protection Bureau (CFPB) proposes a rule to […]
Price changes set to take effect Jan. 2 for priced services the Federal Reserve Banks provide to banks and credit unions will result in a 1.8% average price increase for established, mature services, the Fed […]
General research matters for the Consumer Financial Protection Bureau (CFPB) will be discussed in public Dec. 1 by the agency’s Academic Research Council (ARC), according to a notice in Friday’s Federal Register and on the […]
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