FDIC and OCC Finalize Rule Eliminating “Reputation Risk” from Bank Supervision
FDIC and OCC Finalize Rule Eliminating “Reputation Risk” from Bank Supervision The Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) have issued a joint final rule removing “reputation risk” as a factor in bank...
CFPB Proposes Major Workforce Reduction Amid Ongoing Legal Fight
CFPB Proposes Major Workforce Reduction Amid Ongoing Legal Fight The Consumer Financial Protection Bureau (CFPB) has outlined a plan to cut more than half of its workforce as part of an ongoing legal battle over the agency’s future. In court filings, the CFPB said it...
Lawmakers Introduce Bipartisan Bill Targeting Credit Repair Scams
Lawmakers Introduce Bipartisan Bill Targeting Credit Repair Scams Sens. Chris Coons (D-Del.) and Lisa Murkowski (R-Alaska) recently introduced bipartisan legislation aimed at cracking down on fraudulent credit repair practices that exploit financially vulnerable...
