The OCC has removed “reputational risk” from its handbooks and guidance and the FDIC is moving to do the same. The OCC’s decision supports “the OCC’s mission and its supervisory objectives to ensure that banks have appropriate and strong risk ...

Student loan debt repayment continues(WEEK) SAVANNAH, Ga. (WTOC) - The Department of Education has announced that starting on May 5, they would resume collection on federal student loans loans even going as far as to garnish wages. So if you ...

On April 23, the CFPB voluntarily dismissed with prejudice its lawsuit, filed in September 2024, against a Pennsylvania-based credit card company that had been accused of unlawfully marketing a high-cost, limited-use membership program to subprime consumers. The complaint alleged that the company violated ...

On April 18, the FDIC announced that it amended its 2023 consent order against an insured state nonmember bank, as well as issued a new order for restitution and order to pay, concluding the bank recklessly engaged in unsafe or ...

How do consumers calculate interest rates as part of their financial planning? A PYMNTS Intelligence study, titled “How Financial Lifestyle Impacts Consumer Perception of High Interest Rates,” surveyed 2,364 U.S. consumers and analyzed additional economic data to explore the financial ...

By Pete Schroeder WASHINGTON (Reuters) - A pair of Democratic officials recently fired from a credit union watchdog have sued U.S. President Donald Trump and other senior government officials, alleging that their removal was "patently unlawful." Todd Harper and Tanya ...

CHICAGO — The Illinois Gaming Board announced Friday that they are moving to prohibit using credit cards for online sports betting. They are doing it to “further support responsible gaming,” according to the organization. The board administrator for the IGB ...

A federal court judge in Texas scrapped a Consumer Financial Protection Bureau (CFPB) rule that would have limited “excessive” credit card late fees to $8. Judge Mark Pittman, who had already blocked the CFPB from implementing the fee cap, decided ...

In balancing enforcement with fewer anticipated resources, the Federal Trade Commission is expected to crack down on inflated advertising claims about artificial intelligence, children’s privacy and online safety, auto-renewal subscription issues, and deceptive consumer reviews and other endorsements. Companies should ...