NASCUS Report Archives

Senator Seeks Progress Update from Federal Regulators to Strengthen Banks

One year after the collapse of Silicon Valley Bank, U.S. Sen. Elizabeth Warren (D-MA) is seeking an update from federal banking regulators on steps taken to strengthen regulatory standards for...

USDA Report: Economic Impact of the U.S. Biobased Products, Hemp Research, & Innovation

On March 8, 2024, the U.S. Department of Agriculture honored the second annual National Biobased Products Day, “a celebration to raise public awareness of biobased products, their benefits and their contributions to...

FHA Announces New Loss Mitigation Payment Supplement Option

Amidst record-level interest rates, on February 21, 2024, the Federal Housing Administration (FHA) announced a new loss mitigation option, the Payment Supplement, to aid struggling borrowers...

Why A Financial Regulator Is Going After Health Care Debt

In the past two years, the CFPB has penalized medical debt collectors, issued stern warnings to health care providers and lenders that target patients, and published reams of reports on how the health care system is undermining the financial security of Americans...

CFPB Bans Excessive Credit Card Late Fees, Lowers Typical Fee from $32 to $8

Final rule closes 2010 loophole exploited by credit card giants. The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a...

Mar. 1, 2024: CFPB Updates

PUBLISHED FEB 29, 2024 CFPB Issues Guidance to Rein in Rigged Comparison-Shopping Results for Credit Cards and Other Financial Products The Consumer Financial Protection Bureau (CFPB) today issued a circular to law enforcement...

Tennessee Bank Hit with FDIC Consent Order Over BaaS Business

Under the consent order, Lineage Bank must implement an enhanced risk management program overseen by its board of directors, increase capital levels, and let go of some fintech partners. Lineage Bank...

Is Single Sign-On Too Dangerous to Maintain?

Implement four strategies to reduce the risk of damage while maximizing SSO’s efficiency. Modern digital users expect nothing less than speed and convenience at their fingertips, and the most irritating...

VIDEO: Cyber Attack Trends: Global Identity Crisis

IBM X-Force Threat Intelligence Index 2024  Looking for a way to foresee future attacks and protect your data and your organization from cyber threats? In this video, cybersecurity expert Jeff...

America Is on The Cusp of a New Biggest Credit Card Company. Here’s What It Could Mean for You

What’s in your wallet? Capital One is making a $35 billion bet that the answer will soon be: more of its credit cards. The bank announced Monday evening it is...

Spot the Signs of Common Payment Scams

Millions of Americans use peer-to-peer payment apps like Cash App, PayPal, and Venmo to send money to friends and family. Just as a check can be stolen from the mail or...