The CFPB—tasked to protect consumers from unfair banking practices—was created by Democrats in the wake of the 2008 financial ...
Federal Reserve Gov. Michelle Bowman is widely seen as the president's most likely choice for vice chair for supervision, a ...
The Trump administration has issued dozens of executive orders, but change to banking regulations and agency leaders isn’t ...
The CFPB director faulted the lack of transparency around bank decisions to close accounts and said it’s worth exploring what ...
Banks have been challenged to comply with the Cyber Data Protection Act (CDPA) and other related security statutes to effectively guard against customers' personal information and regain their ...
The Federal Government’s introduction of stamp duty on electronic transactions in 2020, designed to formalise the economy and raise ...
In 2024, the banking sector had quite a year! From a regulatory perspective, the EU AI Act was introduced reinforcing ...
Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be ...
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
Chopra is a somewhat surprising person from the Biden administration to keep his job so far. Republicans have long been ...
While there have been some consumer wins during Biden’s tenure, there are some rules that are tied up in court. Advocates are ...
Wells Fargo said that its 2022 consent order with the Consumer Financial Protection Bureau relating to auto lending, consumer deposit accounts, and mortgage lending, has closed.