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News Archive for Jul 2023



CFPB Monitoring Developments in Fair Lending Technology

Posted on: 7/5/2023
The CFPB has expanded its expertise in data science and analytics to identify fair lending violations ...
 

CFPB Releases FAQ on Section 1071 Rule Compliance

Posted on: 7/5/2023
The CFPB has published on its website a list of frequently asked questions about compliance with its ...
 

Agencies Finalize Updated Statement on CRE Loan Accommodations

Posted on: 7/5/2023
The OCC, FDIC and National Credit Union Administration have issued an updated policy statement regarding ...
 

Bank Customers See BNPL as ‘Helpful’

Posted on: 7/12/2023
Roughly four in five bank customers say they are aware of buy-now-pay-later services, with a third saying ...
 

More Central Banks Exploring CBDCs

Posted on: 7/12/2023
A survey of 86 central banks found that most respondents are engaged in work concerning central bank ...
 

Credit Card Routing Bill Threatens Rewards Programs

Posted on: 7/12/2023
A proposed bill seeking to impose network routing requirements on banks that issue credit cards would ...
 

Banks Need to Correctly Report Uninsured Deposits

Posted on: 7/26/2023
The FDIC has issued a letter to remind financial institutions of their obligation to report estimated ...
 

Sens. Brown, Vance Seek to Exclude Certain Deposits from Special Assessment

Posted on: 7/26/2023
The FDIC should focus on the types of uninsured deposits that were at the greatest run risk during the ...
 

Federal Reserve Launches FedNow Service

Posted on: 7/26/2023
The Federal Reserve has officially launched its FedNow service for instant payments. Banks of all sizes ...
 

ACRE Introduced in Senate

Posted on: 7/26/2023
Sens. Jerry Moran (R-Kan.) and Angus King (I-Maine) have introduced the Access to Credit for our Rural ...
 

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