President challenges foreclosure amendment citing risks to financial stability — borrowers association rejects claims of unconstitutionality Serious constitutional and institutional concerns have been raised over a new foreclosure law, following a referral by president Nikos Christodoulides to the Supreme Court, ...

A Washington 911 center using an AI system from Seattle-based startup Aurelian is being described in local TV coverage as the first 911 call center in the U.S. to use AI, but similar AI tools have already been deployed in ...

Here's a full breakdown of where this story stands: Background: The 2023 Consent Order The original order, issued in November 2023, found that Citi engaged in a pattern of discrimination against Armenian American credit card applicants from 2015 through 2021 ...

Minnesota has enacted a new law (HF 3709 / Session Law Chapter 93) that expressly authorizes state‑chartered banks and credit unions to offer crypto custody services to customers, with key provisions taking effect August 1, 2026. Core details of the ...

The New York Fed reported minor debt shifts overall, though serious mortgage delinquencies ticked up, and a significant wave of severe student loan defaults was moved to federal collections. U.S. household debt levels remained practically unchanged during the opening months ...

April is National Financial Literacy Month, and, as personal finance reporters, we can't help but celebrate it. It's a time to sharpen our understanding of smart money habits and build greater financial awareness. For many people, personal finance wasn't taught ...

On May 8, the CFPB and the OCC each published reports identifying criminal regulatory offenses under their respective jurisdictions, as required by Section 4 of Executive Order 14294, “Fighting Overcriminalization in Federal Regulations.” The executive order directed agency heads to ...

Go-To Guide: The Consumer Financial Protection Bureau issued a Final Rule amending Regulation B, which implements the Equal Credit Opportunity Act. The amendments limit fair lending theories by (1) eliminating all references to an “effects test” or “disparate impact” form of ...

A federal judge has ordered Cliq to pay $6.5 million in a long-running case related to its fraud-prevention measures. However, the payment processing company said it views the outcome of the case as a vindication, as U.S. District Judge Miranda ...