FTC: Romance Scam Losses Hit Record High in 2021
Romance scams are on the rise, with consumers losing $547 million to them in 2021 alone, according to new data...
Newsbytes
Consumer Prices Rise in January
The Consumer Price Index increased 0.6% in January on a seasonally adjusted basis, according to the U.S. Bureau of Labor...
Banks See Sustainable Finance, Operational Resilience as Regulatory Priorities
Sustainable finance, operational resilience and digitization are the top three regulatory topics financial services senior executives say they expect their...
FHFA Releases Strategic Plan for 2022-2026
The Federal Housing Finance Agency today released a draft of its strategic plan for 2022-2026 for public comment. Comments are...
IMF Head: No ‘Universal Case’ for CBDCs
There’s no universal case for central bank digital currencies, the International Monetary Fund’s managing director said.
Fed Releases Synthetic ID Fraud Mitigation Toolkit
As instances of synthetic identity fraud—through which fraudsters create new identities out of pieces of real or fictitious information—become more...
Basel Committee Reaffirms Commitment to Basel III Implementation
The oversight body of the Basel Committee today reaffirmed its commitment to implementing in full the Basel III regulatory framework.
SEC Proposes Shorter Settlement Cycle for Broker-Dealer Transactions
The Securities and Exchange Commission today issued a proposed rule to shorten the standard settlement cycle for most broker-dealer transactions...
Federal District Court Upholds OCC, FDIC’s ‘Valid-When-Made’ Rules
A federal district court on Tuesday upheld the OCC’s and FDIC’s “valid-when-made” rules in separate rulings. The agencies’ rules had...
ABA Foundation Launches 2022 Financial Education Campaign
The American Bankers Association Foundation today launched its 2022 financial education campaign, which consists of four programs—Teach Children to Save,...
