<span class="vcard">Amanda Tuckey</span>
New Report Finds the Average Consumer Is Overdrawn for 9 Days
Present economic and financial challenges have compelled individuals from various income brackets and credit backgrounds to resort to overdrafts — a form of credit whereby a consumer’s bank covers a...
Oct. 6: CFPB Updates This Week
Consumer Financial Protection Circular 2023-03 Adverse action notification requirements and the proper use of the CFPB’s sample forms provided in Regulation B Question presented When using artificial intelligence or complex...
What is the New Beneficial Ownership Information (BOI) Reporting and How Does it Affect Your Business?
Commencing Jan. 1, 2024, certain business owners and operators will have to comply with new information retention and reporting requirements for the direct and indirect ownership of privately held entities:...
Small Businesses Look for New Options as Traditional Funding Shrinks
Smaller firms feel the credit crunch — and are likely to pivot to new avenues of financing. PYMNTS Intelligence shows that six in 10 smaller firms are denied funding through...
Credit Unions That Serve Federal Workers Prep for Government Shutdown
Credit unions catering to federal workers are preparing to reestablish emergency relief programs as the deadline to avoid a government shutdown fast approaches. Republican and Democratic officials in the U.S....
Sept. 29: CFPB Updates This Week
PUBLISHED SEP 27, 2023 CFPB Mortgage Report Finds Jumps in Closing Costs and Denials for Insufficient Income, Growing Proportion of Cash-Out Refinances The Consumer Financial Protection Bureau (CFPB) released its annual...
CFTC To Hold Free, Virtual Event on Scams and Fraud in The Digital World
The Commodity Futures Trading Commission (CFTC) is holding a virtual event on Oct. 4 that is focused on combatting fraud and scams in the digital world. The event, called Technology...
President Biden nominates Tanya Otsuka for NCUA board
Tanya Otsuka has been nominated to be the newest member of the National Credit Union Administration’s board of directors. On Thursday, President Biden announced Otsuka’s nomination alongside three other candidates...
Hill Hearing Debates Innovation and Credit Access Threat Due to Banking Regulation ‘Overreach’
Hearing: A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences The U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled, “A...
Can lawmakers save the collapsing Florida home insurance market?
The Florida home insurance market has spent most of 2022 tumbling toward collapse, but recent legislation just might avert disaster. These laws, some of which go into effect in October...
Sept. 22: CFPB Updates This Week
CFPB Kicks Off Rulemaking to Remove Medical Bills from Credit Reports The Consumer Financial Protection Bureau (CFPB) today announced it is beginning a rulemaking process to remove medical bills from...
NSA, FBI, and CISA Release Cybersecurity Information Sheet on Deepfake Threats
The National Security Agency (NSA), the Federal Bureau of Investigation (FBI), and the Cybersecurity and Infrastructure Security Agency (CISA) released a Cybersecurity Information Sheet (CSI), Contextualizing Deepfake Threats to Organizations,...