The Biden administration — in conjunction with the Consumer Financial Protection Bureau (CFPB) — proposed a rule in June that would remove medical bills from credit reports of more than 15 million Americans, who collectively have $49 billion in medical debt.
Treasury group unveils guidance for financial sector on cloud adoption
The Treasury Department and an industry-led nonprofit on Wednesday released secure cloud adoption guidance for financial institutions, the culmination of a year-long effort that the agency’s deputy secretary called “critically important to our work on cybersecurity.”
CFPB addresses its commitment to ensuring a fair mortgage market
Recently, the CFPB released a blog post to remind mortgage lenders of its commitment to maintaining a fair, competitive, and nondiscriminatory market.
For U.S. regulators, the devil is in the data
As the financial industry rushes to embrace artificial intelligence and other fast-evolving technologies, U.S. federal financial regulators are adopting standards for automated valuation models, designed to guard against conflicts and discrimination in these tools.
ARA reacts to Supreme Court overturning Chevron Doctrine
“It is likely that, going forward, regulations will be challenged either directly in an action against the agency under the APA, or collaterally in a private lawsuit against a defendant whose defense is that it relied on and complied with an agency regulation
Trump could pick Jamie Dimon for Treasury secretary
"I have a lot of respect for Jamie Dimon," Trump told Bloomberg in an interview published Tuesday that was conducted last month. When asked whether Dimon could be his next Treasury secretary, Trump responded, "He is somebody that I would consider, sure."
More US Fed districts see pullback in economic activity in recent weeks, Fed survey shows
U.S. economic activity expanded at a slight to modest pace from late May through early July and firms reported some signs that the jobs market continues to soften, underscoring the Federal Reserve's recent pivot to more keenly assessing slowing demand for labor to ensure it doesn't wait too long before cutting interest rates.
How the Crypto World Embraced Trump, Vance, and Project 2025
Trump expressed distrust in crypto. In 2021 he went as far as to say that Bitcoin seemed like a scam. But leading up to the 2024 election, Trump has done an about-face and lavished praise onto the technology.
US bank regulator warns against 'worrisome' state laws targeting banks
A top U.S. bank regulator warned on Wednesday the agency may begin pushing back against the "worrisome trend" of states adopting laws meant to police national
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