WASHINGTON — Congress has completed action on bipartisan legislation intended to simplify the Social Security Administration’s response when a consumer’s Social Security number is misused. The measure, H.R. 5345, the Improving Social Security’s Service to Victims of Identity Theft Act, ...

Vice Chair for Supervision Michelle Bowman says examiners knew—or should have known—of Silicon Valley Bank’s vulnerabilities by March 2022, but a culture of risk aversion and unclear authority delayed action. WASHINGTON — The Federal Reserve is moving to reshape aspects ...

Meritage Hospitality Group, one of Wendy’s largest U.S. franchise operators, has filed for Chapter 11 protection amid falling sales, rising food costs, debt obligations and a dispute with the franchisor. The Grand Rapids, Michigan-based company operates 314 Wendy’s restaurants in ...

TIG Reaper LLC, a Pennsylvania-based operator of Dave’s Hot Chicken restaurants, has filed for Chapter 11 protection amid an escalating dispute with Bank Midwest over approximately $8.8 million in accelerated debt, penalties and fees. The filing appears to involve the ...

Labcorp will pay $2.287 million to 44 states and the District of Columbia and adopt new vendor-management and information-security practices to resolve a multistate investigation into a 2019 breach at its medical-debt collection vendor, American Medical Collection Agency. The settlement ...

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LONDON — Millions of UK consumers will begin seeing a different TransUnion credit score from late September as the credit reference agency replaces its 0–710 scale with a 0–999 model that uses more information about how people manage borrowing over ...

What's at stake: Taxpayers waiting on refunds and the IRS facing massive interest payouts on delayed cases. Expert quote: "We agree that cases should move to resolution..." — Kenneth Corbin, IRS On the horizon: IRS efforts to use employee skill ...

The Defense Credit Union Council is urging the Federal Deposit Insurance Corp. to revise its proposed bank-merger rule before finalization, arguing that the framework should not impose a separate or more burdensome standard on credit unions seeking to acquire banks ...