Former Fed chairs stress need for independent central bank
The Federal Reserve’s independence and the public’s perception of that independence are critical for U.S. economic performance, a group of...
Legal
ABA, associations urge appeals court to reverse debit card interchange fee ruling
A recent court ruling imposing a new interpretation of the Federal Reserve’s standard for setting debit card interchange fees would...
Vought requests CFPB funding from Fed
CFPB Acting Director Russell Vought has requested $145 million from the Federal Reserve to fund the bureau through at least...
Court rules that administration must request CFPB funding
The Trump administration must continue to seek funding for the CFPB, a federal judge ruled last week.
Democratic state AGs file lawsuit to stop CFPB’s ‘complete defunding’
A coalition of 22 Democratic state attorneys general filed a lawsuit against the Trump administration to stop what they said...
Justice Department announces indictments in alleged nationwide ATM jackpotting scheme
A federal grand jury in Nebraska has returned two indictments charging 54 individuals for their alleged roles in stealing millions...
Appeals court to reconsider decision to allow CFPB firings
The U.S. Court of Appeals for the D.C. Circuit will reconsider its decision to overturn a lower court order preventing...
ABA, associations seek guardrails on FCRA class action litigation abuse
A proposed bill to curb abuse of the Fair Credit Reporting Act by class action plaintiffs' attorneys would establish reasonable...
FDIC, OCC side with plaintiffs in lawsuit over Colorado rate cap
A federal court erred when it left in place a Colorado law capping interest rates and fees on loans to...
How banks can avoid the dangers of AI slop
Banks can achieve powerful results with generative AI platforms, but poor-quality AI output can harm operations and reputations.
