Back to top On Wednesday, January 24, 2024, the Consumer Financial Protection Bureau (CFPB) announced a Proposed Rule aimed at blocking nonsufficient funds (NSF) fees on debit card, ATM, and certain peer-to-peer payment transactions that financial institutions decline in real ...

The Federal Reserve recently ended its most aggressive interest rate-hiking campaign in four decades. Many expected rising interest rates to thrust the U.S. economy into recession quickly, but consumers showed a robustness that surprised many.Over the past few years, consumers ...

A contingent of Republican state attorneys general — including Montana’s Austin Knudsen — are worried about Bank of America (the second largest bank in the U.S.) potentially “debanking” Christians and conservative groups and whether it is “conditioning access to its services ...

FTC Issues Final Rule Banning Most Noncompetes, but Immediate Legal Challenges Ensue | The Recorder Page Printed From: https://www.law.com/therecorder/2024/05/10/ftc-issues-final-rule-banning-most-noncompetes-but-immediate-legal-challenges-ensue/ Ryan A. Glasgow, left, and Jason P. Brown, right, of Hunton Andrews Kurth. Courtesy photo EXPERT OPINION Employers do not need ...

Albany, NY – May 7, 2024 – The New York State Senate Banks Committee under the leadership of Senator James Sanders Jr. today held a landmark hearing exposing the persistent barriers that people of color, women, and low-income New Yorkers face ...

On April 16, 2024, the U.S. District Court Judge Gershwin A. Drain in the Eastern District of Michigan granted summary judgment in favor of Flagstar Bank (the “Bank”) in a case where the plaintiff alleged breach of contract and conversion ...

The U.S. housing market continues to present a complex picture, with recent data from ATTOM, a leading real estate data provider, revealing a slight uptick in foreclosure activity in the first quarter of 2024. While the numbers suggest a market ...

Visa has announced its partnership with J.P. Morgan Payments in order to provide faster money movement for customers in the US through Visa Direct. Following this announcement, both financial institutions will focus on optimising merchants' experiences, providing cardholders with more ...

"A lot of the efficiency and execution-readiness of the Home Loan Bank System has to do with its current scale. I'm concerned that, should FHFA significantly alter larger institutions' membership and/or borrowing standards, those advantages of scale could decrease," writes ...