News Archives
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...
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...