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Federal Reserve Board and FDIC Release Reports on Signature Bank Findings
The Federal Reserve Board (FRB) on Friday published the results from their review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S....
Police Bust Cybercrime Phishing Subscription Network
Police have arrested 37 members of a criminal gang that operated a phish-for-subcription Website that duped up to 70,000 UK victims into entering their bank details at fraudulent internet sites....
NCUA Board Approves Advance Notice of Proposed Rulemaking on Records Retention
The National Credit Union Administration Board held its third open meeting of 2024 and unanimously approved an advance notice of proposed rulemaking that solicits stakeholder comments on ways the agency can improve...
April 19: Recent CFPB Activities
PUBLISHED APR 17, 2024 CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred for Deceiving Students and Hiding Loan Costs The Consumer Financial Protection Bureau (CFPB) issued an order...
Learn How to Stop Hackers from Exploiting Hidden Identity Weaknesses
We all know passwords and firewalls are important, but what about the invisible threats lurking beneath the surface of your systems? Identity Threat Exposures (ITEs) are like secret tunnels for...
CFPB Finds Violations of Credit Report Accuracy Requirements, Including for Survivors of Human Trafficking
Examiners also found furnishers failed to correct false information and reported fraudulent information. The Consumer Financial Protection Bureau (CFPB) published an edition of Supervisory Highlights to share key findings from recent...
Building the CDFI Sector in Puerto Rico
Puerto Rico’s community development financial institution (CDFI) sector has grown 15-fold over the last decade following a collaboration that brought together leaders from government, community development finance, and Puerto Rico’s...
Five Key Credit Union Trends to Continue to Watch
According to the latest report released by the National Credit Union Administration, credit unions remain mostly stable in their performance and resilient to the challenges of the current economic environment at...
Nationwide Branch Advert Banned as Misleading
A Nationwide advert has been banned for incorrectly suggesting that the building society has not been closing branches. In October and November, Nationwide ran a TV, radio and press ad that sees...
CFPB Blog: Consumer Reporting Companies Have an Obligation to Correct Errors
The consumer reporting system maintains detailed profiles on millions of Americans. Companies harvest information on people’s financial status or record of paying bills and provide that information to consumer reporting...
Mar. 29, 2024: CFPB Updates
CFPB Takes Action to Halt False Claims of ‘Free’ International Money Transfers the Consumer Financial Protection Bureau (CFPB) issued a new circular warning remittance transfer providers that false advertising about...
SAFECOM and NCSWIC Develop 911 Cybersecurity Resource Hub
Looking for cybersecurity resources for your Emergency Communications Center (ECC) but do not know where to start? Overwhelmed with resources and not finding what you are looking for? SAFECOM and...
NCUA Releases 2023 Annual Report
The National Credit Union Administration today released its 2023 Annual Report, highlighting the agency’s activities, policy initiatives, and accomplishments for the past year. “In 2023, the NCUA focused its efforts on...