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Trump Signs Resolution to Nix CFPB Overdraft Rule
The move overturns the bureau’s effort to cap overdraft fees at $5. The American Bankers Association also dropped its lawsuit regarding the rule. President Donald Trump signed a resolution Friday...
Student Loan Delinquencies Surge as Credit Reporting Restarts
Share of student loan debt 90+ days past due. Student loan delinquency rates surged to a five-year high in the early months of 2025, the New York Fed said on Tuesday....
Financial Institutions Continue Fight Against Illinois’ Swipe Fee Law
Plaintiffs in the lawsuit challenging Illinois’ Interchange Fee Prohibition Act say they are in an important final stretch. The law prohibits a credit card holder’s bank from charging or receiving...
How Banks Can Modernize Collections As Consumer Debt Balloons
The financial industry is facing a reality check. Amid unprecedented economic uncertainty, rising consumer debt, and growing delinquency rates, traditional collections strategies are falling short. Years of inflation, rate hikes,...
Growing Share of U.S. Adults Say Their Personal Finances Will Be Worse a Year from Now
Amid a downbeat economic outlook and sagging consumer confidence, Americans’ views about their personal financial situation have remained relatively stable over the past year. A majority say they’re in only...
Uncle RICO Gets the High Court Treatment: Cannabis Companies and Those Who Provide Services to Them May Be Subject to RICO Claims for Labeling, Advertising
Recently, a divided United States Supreme Court held that a cannabis product manufacturer could face civil liability under the Racketeer Influenced and Corrupt Organizations Act (RICO) if a consumer suffered...
US Cybersecurity at a Crossroads as Trump Admin Rewrites Federal Cyber Policy
At the 2025 RSA Conference in San Francisco, Secretary of Homeland Security Kristi Noem delivered a blistering keynote that reignited a fierce national debate over the future of cybersecurity governance...
California’s Purvi Patel Appointed to the NASCUS Regulator Board
The National Association of State Credit Union Supervisors (NASCUS) is pleased to announce the one-year appointment of Purvi Patel of the California Department of Financial Protection and Innovation (DFPI) to...
VIDEO: How Smaller Credit Unions Can Modernize Their Core Banking Capabilities
Finastra’s VP, Product Management Pete Longo stopped by CUbroadcast to share his insights on how smaller financial institutions can modernize their core banking. Pete explains how they are doing this,...
Report Warns of Sophisticated Cybersecurity Threat Environment
A recent cybersecurity report finds that nearly one in five middle market organizations experienced a data breach in the last year, despite the fact most executives are confident in their...
Rescheduling or Descheduling Marijuana: How Would Industry Be Impacted?
The possible reclassification of marijuana under the federal Controlled Substances Act is sparking debate about dismantling barriers to interstate commerce and the future of the industry. While many states have...
OCC to Remove Dedicated Supervision for Community Banks
The agency’s restructuring will merge the supervision of large, midsize, and community banks The Office of the Comptroller of Currency (OCC) is set to implement an organizational restructuring that removes...