(PNA file) MANILA – Senate President Pro Tempore Jinggoy Ejercito Estrada on Thursday called for a ban on unsolicited pre-approved credit cards’ issuance and heavier penalties on violators. Estrada, who filed last month Senate Bill No. 2952 or the Pre-Approved ...

Last week I participated in the radio show On Point to discuss the legacy of the Consumer Financial Protection Bureau. It turned out to be something a debate with Richard Cordray, the first director of the CFPB. I argued, as ...

This newsletter is brought to you by Okta. You can subscribe to an audio version of this newsletter as a podcast by searching for "Risky Business" in your podcatcher or subscribing via this RSS feed. The US Federal Communications Commission ...

When artificial intelligence converges with the financial sector, trust and security hinge on one thing: data privacy. Every algorithm, every automated decision and every customer interaction depends on protecting sensitive financial information without slowing innovation. Fair Isaac Corp., better known ...

Officials in Kentucky are working to improve how the state collects child support payments. Late last week, the state attorney general announced the members of the first-ever Child Support Advisory Council. The Council is made up of county attorneys from ...

Donald Trump has moved to fire the Federal Reserve governor Lisa Cook over allegations she committed mortgage fraud, the latest escalation in the US president’s attack on the central bank’s independence. Trump wrote to Cook on Monday, telling her that ...

The U.S. Consumer Financial Protection Bureau (CFPB) has begun the process of rewriting its “open banking” regulations.  As expected, the policy debate, which has been ongoing for a while and has banks and fintech companies at loggerheads, isn’t ending anytime ...

Christopher Rugaber and Will Weissert  |  Associated Press Washington – President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, an unprecedented move that constitutes a sharp escalation in his battle to exert greater control over what has long ...

A rule that dictates how your personal data is handled and passed between financial institutions is being rewritten. The Consumer Financial Protection Bureau officially asked for feedback on the so-called “open banking” rule last week. Legacy financial institutions and new ...