<span class="vcard">Amanda Tuckey</span>

Jan. 26, 2024: CFPB Updates

PUBLISHED JAN 24, 2024 CFPB Issues Nonsufficient Funds Fees NPRM Today, the CFPB issued the Nonsufficient Funds Fees Notice of Proposed Rulemaking (NSF NPRM), which proposes to prohibit covered financial institutions...

NCUA Board Approves Annual Performance Plan; Briefed on DEIA Strategic Plan

Jan. 18, 2024 – The National Credit Union Administration Board held its first open meeting of 2024 and unanimously approved the agency’s 2024 Annual Performance Plan and received a briefing on the Diversity, Equity,...

Recent Congressional Activities

U.S. House of Representatives: Committee on Financial Services McHenry, Waters Announce Creation of Bipartisan AI Working Group January 11, 2024 U.S. House Committee on Financial Services Chair Patrick McHenry (NC-10) and...

CFPB Says Overdraft Fees Are Junk Fees — But Are They?

Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer Financial Protection Bureau (CFPB) put forth a...

Jan. 12, 2024: Recent CFPB Updates

Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies to address inaccurate background check reports, as well as sloppy credit file sharing practices...

How Europe Is Dominating Tech Regulation

The Biden administration has signaled a crackdown on corporate America, but U.S. regulators’ teeth seem to be smaller and blunter than the dentition seen across the pond. Why it matters: For all...

Ecority Projects U.S. Credit Unions Could Deploy $107B In Clean Energy Financing

Ecority, a nonprofit that has built a national coalition of credit unions and state-chartered green banks, is projecting that U.S. credit unions could finance 5.3 million projects for a total...

Agencies Release Final Rule on Practice and Procedure

The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the National Credit Union Administration, published a final rule...

Key Cybersecurity Skills Gap Statistics You Should Be Aware Of

As the sophistication and frequency of cyber threats continue to escalate, the demand for skilled cybersecurity professionals has never been bigger. The skills gap is not merely a statistical discrepancy;...

Mr. Cooper Hit with Second Class-Action Suit Related to Data Breach

Cyber attack exposed 14.6 million customers’ personal information. Mortgage loan giant Mr. Cooper is grappling with a second class-action lawsuit after a significant data breach compromised 14.6 million customers’ personal...

Dec. 22, 2023: CFPB Updates This Week

PUBLISHED DEC 20, 2023 CFPB and Justice Department Sue Developer and Lender Colony Ridge for Bait-and-Switch Land Sales and Predatory Financing The Consumer Financial Protection Bureau (CFPB) and the Justice Department...

Nearly Two-Thirds of Struggling Consumers Revolve Credit Card Balances

The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management...