The nation’s three largest consumer reporting agencies have improved how they handle consumer complaints since a 2022 report faulted them for failing to meet their Fair Credit Reporting Act obligations, the Consumer Financial Protection Bureau said today in its annual report on credit and consumer complaint reporting.
The Federal Trade Commission in December announced a proposed agreement with Mastercard regarding tokenization security practices that merchants claimed violated the Durbin Amendment to the Dodd-Frank Act.
Events of the past year have highlighted several key risks posed by cryptoassets that banks should consider if they wish to offer crypto-related services, the Federal Reserve, FDIC and the Office of the Comptroller of the Currency said today in a joint statement.
The IRS has issued a proposed rule to make permanent temporary relief from the physical presence requirement for participant elections and spousal consents.
The Treasury Department issued initial guidance regarding a new annual excise tax that applies to repurchases of a publicly traded corporation’s stock that takes place after Dec. 31, 2022.
ABA expressed opposition to the Small Business Administration’s proposal to lift the moratorium on the number of non-depository lenders in the 7(a) program in a comment letter submitted this week.
The New York State Department of Financial Services has proposed new guidance for banking and mortgage-lending institutions “to help them manage safety and soundness risks related to climate change,” the agency said in a statement.
The Consumer Financial Protection Bureau today announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act.
Federal banking agencies today extended by one year no-action relief under Regulation O for banks lending to investment fund-controlled companies under specific conditions.
Fannie Mae and Freddie Mac have sold 155,034 nonperforming loans as of June 30, with a total unpaid balance of $28.7 billion, according to the Non-Performing Loan Sales Report released today by the Federal Housing Finance Agency.