Compliance

The new regulation, under the Fair Credit reporting Act, combats the misuse and abuse of personal data on background screening and credit reports

The CFPB’s amendments to its examination manual have “tremendous implications” for “consumers, banks, and financial markets at large”, trade bodies warn

After 36 years of service, the OCC’s senior deputy comptroller for supervision risk and analysis is set to retire as a number of membership changes to the executive committee are…

The bureau will investigate “excessive” profitability from late fees that cost customers $12 billion a year

American Bankers Association calls for “significant” and “extensive” changes for climate risk disclosures

The bureau is collating research on key customer service metrics from large banks

Banking associations say there is “simply no justification” for credit union powers proposed for addition to financial inclusion legislation

The Lummis-Gillibrand Act aims to bring clear regulation on digital assets

Criminals are constantly adapting and devising new ways to evade safety and security measures meant to prevent illicit activities

The association said the rules as they are fail to account for significant competition in many product lines