The Federal Financial Institutions Examination Council today released a new appendix to its “FFIEC Information Technology Examination Handbook.” The appendix focuses on risk management practices for mobile financial services, such as SMS text messaging, mobile apps and wireless payment technologies.
The CFPB announced it is rescinding dozens of guidance documents on topics such as fair lending, overdraft fees, disclosure policies and consumer information requests to large banks and credit unions.
ABA and other plaintiffs said the court has already recognized that an Illinois law restricting certain interchange fees is preempted by federal law, so it should reject the state’s arguments against the court making a summary judgment in...
President Trump nominated former FDIC Board Member Jonathan McKernan as undersecretary of domestic finance at the Treasury Department. McKernan had been the nominee to lead the CFPB.
Acting Comptroller Rodney Hood outlined his top priorities for the OCC, including efforts to promote financial inclusion and expand the banks’ ability to provide cryptocurrency services.
The Dow Jones Transportation Average, which measures shipping, rail and logistics companies, is exhibiting one of its worst H1 performances in 10 years.
Federal Reserve Governor Michael Barr warned that higher tariffs are likely to put upward pressure on inflation and lead to higher unemployment.
