Survivors of human trafficking would no longer be subject to negative credit reporting under a proposal unveiled Thursday by the federal consumer financial protection agency. Under the proposed rule, consumer reporting agencies (CRAs) would be […]
Engagement in crypto assets by banks – or the intention to engage in those digital assets – will now trigger a notification to the federal insurer of bank deposits, the agency said Thursday in a […]
It is critical that the credit reporting system is not used as a weapon to coerce Americans into paying medical and other bills they may not even owe, the leader of the federal consumer financial […]
Full blocking sanctions on Sberbank, Russia’s largest state-owned bank, and Alfa-Bank, Russia’s largest private bank, were imposed Wednesday by the Treasury Department “in response to Russia’s continued brutal war against Ukraine and atrocities against Ukrainian […]
Few payday loan borrowers are benefiting from no-cost extended payment plans, but instead are paying for costly loan rollovers, according to a report published Wednesday by the federal consumer financial protection agency. The Consumer Financial […]
Youth workforce practitioners, and the banks and credit unions who develop them, are the focus of a webinar Aprll 14 hosted by the federal credit union regulator and the federal insurer of bank deposits, the […]
Digital assets will be the subject of a speech this week by Treasury Secretary Janet Yellen, in which she will make the case for a regulatory policy addressing the financial vehicles, the agency said in […]
Measuring the effectiveness of digital identity proofing – the process used to collect, validate, and verify information about a person – was the aim of three teams of experts for a tech sprint fostered by […]
Four banks earned “outstanding” ratings in January for their compliance with rules implementing federal anti-redlining laws, according to the April release of Community Reinvestment Act (CRA) evaluation ratings assigned by the federal bank deposit insurance […]
Large regional banks, which have grown in size and complexity since the 2008 financial crisis, are at risk of becoming the new “too big to fail” (TBTF) financial firms, the acting head of the federal […]
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