Why It Matters Three U.S. banking agencies took an active part in developing international banking standards from 2010 through 2025, according to a new report by the U.S. Government Accountability Office (GAO). ​ Along with other standard-setting bodies, the Federal ...

The Consumer Financial Protection Bureau has submitted a final rule updating its mortgage servicing regulations to the White House, advancing a rulemaking that could reshape how servicers assist borrowers experiencing payment difficulties. The submission follows a proposal developed under the ...

Five states have joined the Federal Trade Commission’s lawsuit against Hims & Hers Health, expanding a case that accuses the telehealth provider of sharing sensitive health information with advertising platforms and misleading consumers about prescription charges and subscription cancellations. Arizona, ...

Progress Residential, the property manager of single-family rental homes owned by Pretium Partners, has agreed to pay $49.8 million to settle deceptive and unfair practices claims by the Federal Trade Commission (FTC) and state regulators. The company denies any wrongdoing ...

Processing Content Key Insight: What may be coming in the CFPB's newly submitted mortgage servicing final rule. What's at Stake: Whether mortgage servicers will face lighter regulations overall or may end up having to fulfill some new requirements in some ...

The blue wave of Democrats winning control of both the House of Representatives and the Senate in the U.S. midterm elections last week (with the final tally of seats still to be determined) could shape the outlook for regulation, fiscal ...

New Mexico House Democrats are proposing to spend $2 million in state funds over three years to purchase and cancel as much as $200 million in medical debt, potentially providing relief to between 100,000 and 160,000 residents. The proposal, announced ...

A 'basic promise' broken The regulator alleges the problem ran far beyond the formal claim period. ASIC says the allegedly misleading terms were in place from the launch of CommBiz in 2006; that CBA received customer complaints from at least 2015; and ...

SACRAMENTO — California’s Department of Financial Protection and Innovation (DFPI) announced today that it conditionally approved The Western Union Company’s (Western Union) acquisition of International Money Express, Inc. (Intermex), subject to the companies’ compliance with mandatory conditions that focus on ...