News Archives

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...

FFIEC Statement: Examination Principles Related to Valuation Discrimination & Bias in Residential Lending

FFIEC Issues Statement on Examination Principles Related to Valuation Discrimination and Bias in Residential Lending The Federal Financial Institutions Examination Council today issued a statement of principles related to valuation...

CISA and Partners Release Advisory on PRC-sponsored Activity & Supplemental Guidance

CISA, the National Security Agency (NSA), and the Federal Bureau of Investigation (FBI) released a joint Cybersecurity Advisory (CSA), PRC State-Sponsored Actors Compromise and Maintain Persistent Access to U.S. Critical Infrastructure alongside...

Verizon Says Data Breach Impacted 63,000 Employees

Verizon is notifying 63,206 employees that their personal information was exposed in an internal data breach. Telecommunications giant Verizon Communications is notifying more than 63,000 employees that their personal information...

NCUA’s Harper: Large Credit Unions Will Report Overdraft Data

National Credit Union Administration Chairman Todd Harper said Tuesday in an interview at the Brookings Institute his agency will soon require credit unions with above $1 billion in assets to...

NCUA Releases Addendum to Other Supervisory Committee Audit Guide

The National Credit Union Administration today released an addendum to its Other Supervisory Committee Audit, Minimum Procedures Guide. Accounting Standard Codification No. 326 Financial Instruments—Credit Losses, referred to as Current...

CISA: Cybersecurity Best Practices

Overview Cyberspace is particularly difficult to secure due to a number of factors: the ability of malicious actors to operate from anywhere in the world, the linkages between cyberspace and...

The CFPB’s Enforcement Work In 2023 and What Lies Ahead

The CFPB safeguards household financial stability by ensuring that consumer financial markets are fair, transparent, and competitive. Our enforcement authority is among the CFPB’s most impactful tools—reinforcing compliance with federal...

RegFi Podcast: Bank-like Supervision for Big Tech? A Look at the CFPB’s “Larger Participant” Rule

The CFPB’s proposed rulemaking on digital wallets and payment apps would bring new regulatory supervision and compliance...

Bank Failure to Manage Climate Risks Poses Threat of Extinction

The European Central Bank has waned of the grave transition risks for banks that fail to prepare for a low carbon economy. In a blog post marking the publication of...