Posted on 11/19/2014
Probing for details on a potential borrower’s Social Security disability benefits runs afoul of the Equal Credit Opportunity Act and Regulation B, the Consumer Financial Protection Bureau said in a bulletin yesterday.
Posted on 11/18/2014
Reinforcing letters from ABA and national trade groups last week, 53 state bankers associations yesterday wrote to Congress to emphasize the importance of a national standard for data security expectations.
Posted on 11/17/2014
The FDIC’s inspector general and the Department of Justice’s ethics office have pledged to investigate their agencies’ involvement in “Operation Choke Point,” Rep. Blaine Luetkemeyer (R-Mo.) announced on Friday.
Posted on 11/13/2014
With more Americans using prepaid cards and products, the Consumer Financial Protection Bureau is today proposing rules on prepaid products that would formalize many consumer protections already offered by banks that provide these products.