Congressional task force recommends favorable regulatory environment for AI adoption
Federal policymakers should foster an environment where financial services firms can responsibly adopt the benefits of artificial intelligence and ensure...
Newsbytes
CFPB issues legal warning about credit card rewards, releases comparison-shopping tool
The CFPB issued a legal warning about credit card rewards, published a new study on retail credit cards and unveiled...
FOMC cuts rates by 25 basis points
The FOMC voted to lower the target range for the federal funds rate by 25 basis points to 4.25%-4.5%, with...
Housing starts drop in November
Housing starts decreased by 1.8% in November from the month prior to a seasonally adjusted annual rate of 1.29 million,...
FinCEN issues alert on scammers using its name, logo
FinCEN issued an alert to raise awareness of fraud schemes involving misuse of the agency’s name, insignia and authorities for...
Regulatory agenda outlines upcoming rules from CFPB, FinCEN, Federal Reserve
Semi-annual report show plans by federal agencies on regulations regarding medical debt, NSF fees and more. However, the rules listed...
FCC establishes portal for banks to report illegal calls
The Federal Communications Commission has established a “Private Entity Robocall and Spoofing Portal,” where banks and other companies can submit...
CFPB finalizes rule to apply TILA requirements to residential clean energy loans
The CFPB finalized a rule that applies the Truth in Lending Act’s ability-to-repay requirements and civil liability provisions to residential...
FHFA: Fannie, Freddie have sold $31.4 billion in NPLs
Fannie Mae and Freddie Mac have sold 171,333 nonperforming loans, with a total unpaid balance of $31.4 billion, from program...
OCC releases mortgage performance report for Q3 2024
The OCC released the third quarter 2024 mortgage metrics report, which showed that 97.4% of first-lien mortgages in the federal...
