Hearings scheduled on FinCEN oversight, Fed discount window

In a letter, Republicans on the House Financial Services Committee said they are concerned by the Federal Reserve’s decision to cease accepting penny deposits or orders at many coin terminal locations across the U.S.

FHFA finalized new three-year affordable housing goals for Fannie Mae and Freddie Mac that lower both enterprises’ targets for single-family housing but leave in place existing targets for multifamily housing.

FinCEN announced it has taken multi-tiered actions against more than 100 money services businesses along the southwest U.S. border for allegedly failing to comply with anti-money laundering regulations.

A federal grand jury in Nebraska has returned two indictments charging 54 individuals for their alleged roles in stealing millions of dollars from bank and credit union ATMs across the U.S., the Justice Department announced.

U.S. payment card networks processed 100.7 billion debit and general-use prepaid card transactions valued at $4.7 trillion in 2023, representing an annual 4.6% increase in both value and volume over the two years studied, the Federal Reserve said...

The CFPB is once again reversing course on whether earned wage access products are subject to the Truth in Lending Act, with the bureau planning to issue a new advisory opinion declaring many such products not to be...