American Banker

MARCH 13, 2025

New York Attorney General Letitia James announced new state legislation to ban unfair and abusive business practices, giving state regulators broader authority to crack down on consumer abuses.

New York 37

New York Regulation Policies Compliance 37

American Banker

MARCH 13, 2025

The task force terminated vendor contracts at the Department of Housing and Urban Development worth a combined $305 million, according to its wall of receipts.

Policies 36

Policies Compliance Regulation 36

American Banker

MARCH 12, 2025

axed its payments regulator in an effort to reduce red tape as part of the prime minister's Plan for Growth. The move was lauded by industry, but some are concerned the FCA won't give payments the attention they deserve.

Regulation 36

Regulation System Payments Industry 36

American Banker

MARCH 11, 2025

Banco San Juan Internacional argues recent comments from Federal Reserve Chair Jerome Powell raise questions about the central bank's handling of master accounts.

Compliance 36

Compliance Regulation 36

American Banker

MARCH 10, 2025

In a letter to Federal Reserve Chair Jerome Powell, Sen. Elizabeth Warren called on the Fed to impose penalties and sanctions on leaders of the failed bank.

Policies 31

Policies Compliance Regulation 31

American Banker

MARCH 11, 2025

New York's top financial regulator Adrienne Harris said the failure of Signature Bank two years ago spurred the agency to change the way it oversees banks, including more scrutiny for those with consistently subpar CAMELS ratings.

New York 41

New York Regulation Compliance 41

American Banker

MARCH 14, 2025

The first task for a new director of the Consumer Financial Protection Bureau should be sweeping away the clutter of ill-considered lawsuits and regulatory pronouncements left over from the Biden years.

Analysis 63

Analysis Policies Compliance Regulation 63

Abrigo

MARCH 13, 2025

In addition, under Regulation CC , the funds are made available to depositors the next business day. Fraud detection software The growing need to verify Treasury checks U.S. Treasury checks remain a favorite target for fraudsters because they are guaranteed funds.

Taxes 195

Taxes Fraud Tools Security 195

American Banker

MARCH 14, 2025

In 2023, the Consumer Financial Protection Bureau cited Citibank for discriminating against Armenian Americans. The recent turmoil at the agency raises questions about whether the bureau will be able to carry out similar actions in the future.

Policies 65

Policies Compliance Regulation 65

American Banker

MARCH 14, 2025

A Maryland judge temporarily halted mass layoffs of probationary employees at multiple agencies, citing legal violations and harm to states' ability to respond to unemployment needs.

Maryland 41

Maryland FDIC Policies Compliance 41

American Banker

MARCH 14, 2025

A federal judge in Maryland ruled against the City of Baltimore's attempt to block cuts to Consumer Financial Protection Bureau program funding on procedural grounds.

Baltimore 36

Baltimore Maryland Compliance Regulation 36

American Banker

MARCH 12, 2025

Acting Consumer Financial Protection Bureau Director Russell Vought said all diversity, equity, inclusion and accessibility policies "will cease immediately," adding that employees may be investigated if they go against the order.

Policies 28

Policies Compliance Regulation 28

American Banker

MARCH 10, 2025

President Trump and Elon Musk probably would not have put Rohit Chopra and his CFPB on their hit list had he run it with common sense, balancing the interests of both the financial industry and their consumers. An independent and consolidated federal consumer financial protection agency is needed, but only if a fair-minded leader runs it.

Leadership 59

Leadership Industry Policies Compliance 59

American Banker

MARCH 11, 2025

A federal judge said she is inclined to issue a preliminary injunction to stop the Trump administration dismantling the Consumer Financial Protection Bureau.

Compliance 73

Compliance Regulation 73

American Banker

MARCH 12, 2025

The president is likely to nominate Federal Reserve Gov. Michelle Bowman to be the central bank's next vice chair for supervision, a post vacated by Michael Barr.

Compliance 28

Compliance Regulation 28