Top headlines in today’s news …
“Fake reviews,” “gag” clauses and other allegedly illicit practices related to consumer online evaluations of financial products are the subject of guidance issued Tuesday by the federal consumer financial protection agency. The guidance, according to […]
Discriminatory conduct that violates the federal prohibition against unfair practices – as well as decision-making in advertising, pricing, and other areas to which federal consumer protection laws may not directly apply – will be closely […]
A “coordinated and comprehensive approach” to digital asset policy is the aim of an executive order issued early Wednesday by President Joe Biden (D) that is widely viewed as a first step toward regulation of […]
Banks’ net operating income was up nearly 90% in 2021 from the previous year, the federal insurer of bank deposits said Tuesday, as the institutions reported $279.1 billion in the income category at year’s end. […]
A fair, transparent, and competitive auto lending market – particularly as car prices, for especially used models, rise – will be a focus of the federal consumer financial protection agency, it said in a blog […]
Big or small, financial institutions around the U.S. should be on guard for cyberattacks following Russian’s invasion of Ukraine, and allied responses to it, the federal credit regulator said Thursday. Passing along two alerts from […]
The latest round of sanctions imposed on Russia by the United States for its early morning invasion of Ukraine was outlined Thursday by the Treasury Department – which now cover the top 10 Russian financial […]
Engaging in research and experimentation with new technologies – such as a U.S. central bank digital currency (CBDC) – and “consulting closely with public and private sector partners” are both parts of the Federal Reserve’s […]
Calling them “comprehensive new rules for the investment and trading activity of senior officials,” the Federal Reserve’s rate-setting committee announced Friday it has adopted new regulations aimed at clamping down on investment activity by key […]
A notice of proposed rulemaking on modernized Community Reinvestment Act (CRA) requirements will be released jointly in the “not-too-distant future” by the three federal bank regulators, the Acting Comptroller of the Currency said Monday. Michael […]
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