The Consumer Financial Protection Bureau is an independent bureau that is part of the Federal Reserve System. It was created in 2010 in the wake of the Great Recession to provide federal oversight of consumer financial products and services, in ...

New Celent research finds synthetic identity fraud, application stacking, and bust-out fraud are outpacing what any one lender can detect alone BURBANK, Calif., May 07, 2026--(BUSINESS WIRE)--A new industry report from Celent, commissioned by Zest AI, reveals that fraud has ...

The chairman of the Federal Trade Commission sent a warning letter Friday to national mortgage services provider Mortgage Connect over employee contracts. Processing Content Andrew Ferguson, who has served as the agency's commissioner since April 2024, urged the company to ...

New York City has finalized a sweeping “SHIELD” debt collection rule that significantly tightens requirements for creditors and third‑party agencies and goes beyond FDCPA/Reg F; it is scheduled to take effect September 1, 2026. Big picture and timing The rule ...

Rohit Chopra, the former CFPB director, has been tapped by Gov. Gavin Newsom to lead California’s new Business and Consumer Services Agency, a consolidated “super” consumer and business regulator that will launch July 1, 2026, pending Senate confirmation. What California ...

New jobs data beats expectations but unemployment rate remains concerning 03:20 Bank of America predicts the Federal Reserve will delay lowering interest rates until the second half of 2027, mainly due to strong inflation and resilient job growth. Bank of ...

The State Department is moving from mostly denying new passports to proactively revoking existing passports for parents who are seriously delinquent on child support, starting with those owing at least six figures and then broadening to everyone over the long‑standing ...

The center of Tokyo, Japan. Photo: Jiji Press Business failures mainly caused by rising prices surged 51.7 pct to 85, reflecting higher prices stemming from a weaker yen and soaring raw materials prices. With concerns rising over naphtha supplies amid ...

US household debt has reached a record 18.8 trillion dollars, and student loan distress is now one of the weakest points in the consumer credit stack, with delinquencies back above pre‑pandemic norms. What the 18.8T number includes The New York ...