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Fiserv chief nominated to lead Social Security

Frank Bisignano—chairman, president, and CEO of Fiserv, a global provider of payments and financial services technology solutions—was nominated by President-Elect Donald Trump to be commissioner of...

Dec 06, 2024
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Article
Government Banks

ICBA: CFPB’s 1071 rule exceeds its authority

The Consumer Financial Protection Bureau’s 1071 small-business rule exceeds the agency’s statutory authority and is arbitrary and capricious, ICBA said in a new court filing.

Dec 05, 2024
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Article
Consumer Financial Protection Bureau (CFPB)

Agencies issue statement on financial exploitation of elderly

Five federal financial regulatory agencies and state financial regulators issued a joint statement to provide supervised institutions with examples of risk management that may be effective in...

Dec 05, 2024
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Article
Financial Crimes Enforcement Network (FinCEN)

OCC updates unfair practices booklet

The OCC issued version 1.1 of the “Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices” booklet of the Comptroller’s Handbook.

Dec 04, 2024
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Article
Compliance

Relationship Managers Are Here for You

What 2025 holds for payments remains to be seen. Decreasing interest rates may fuel larger spending and comfort with revolving credit, but some businesses have begun limiting their acceptance of...

Dec 04, 2024
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Article

The Card Trends to Watch in 2025

What 2025 holds for payments remains to be seen. Decreasing interest rates may fuel larger spending and comfort with revolving credit, but some businesses have begun limiting their acceptance of...

Dec 04, 2024
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Article

Regulators hosting fair lending webinar today

Federal regulators are slated to host an interagency webinar on fair lending at 2 p.m. (Eastern time) today. The webinar will cover redlining, Community Reinvestment Act rules, the relationship...

Dec 04, 2024
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Article

Fed’s Waller expects rate cuts to continue over next year

Monetary policy is still restrictive and putting downward pressure on inflation without creating undesirable weakness in the labor market, according to Federal Reserve Governor Christopher Waller.

Dec 03, 2024
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Article
Federal Reserve