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Lending Standards Tightening at U.S. Ban…
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Consumer Compliance - Banking Exchange
Summary of Recent FDIC Guidance on Multiple Re-Presentment NSF Fees
A topic that has generated questions from a number of financial institutions
CFPB Estimates Elimination of Overdraft Fees Saved Consumers $3 Billion: They Want Even More
The main consumer watchdog focused on eliminating what they would call “junk fees” from banks
Helping Lenders Say “Yes” to More Potential Borrowers
Fair and affordable access to credit can unlock new opportunities and offers the potential for consumers to build generational wealth
NY Fed: Short-term inflation expectations reach new series high
Although short-term inflation expectations have increased, expectations for medium-term and longer-term inflation have declined
CFPB enhances data privacy for Americans
The new regulation, under the Fair Credit reporting Act, combats the misuse and abuse of personal data on background screening and credit reports
Trade bodies urge CFPB to rescind amendments to examination manual
The CFPB’s amendments to its examination manual have “tremendous implications” for “consumers, banks, and financial markets at large”, trade bodies warn
How the New SARs Proposal May Aid in the Financial Crime Fight Internationally
Criminals are constantly adapting and devising new ways to evade safety and security measures meant to prevent illicit activities
Consumers Uncertain about Inflation as Household Debt Nears $16T
Findings come as US inflation nears 40-year high, climbing to 8.3% in April
Stablecoins need regulatory ‘architecture’ to avoid consumer harm
Acting comptroller of the currency Michael Hsu called for ‘stability’ and ‘interoperability’
Six Former Bank Employees Banned over Covid Loan Fraud
Four Regions Bank and two Merrill Lynch Wealth Management workers cannot return to the industry after combined near-$90k coronavirus loans fraud
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