The Financial Crimes Enforcement Network and banking agencies today proposed new rules to “fundamentally reform” compliance with the Bank Secrecy Act by setting standards for what financial institutions should include in their anti-money laundering programs. The proposed rulemakings are part ...

Used-vehicle values are up sharply in Q1 2026, and that headline is coming out of the Manheim / Cox Automotive data. Here’s the key substance behind it and the implications. What the 6.2% increase refers to The Manheim Used Vehicle ...

The FDIC has officially rescinded its Biden‑era supervisory guidance on multiple re‑presentment NSF (insufficient funds) fees, effective immediately. Here are the key points: What exactly was rescinded The FDIC withdrew Financial Institution Letter FIL‑32‑2023, “FDIC Clarifying Supervisory Approach Regarding Supervisory ...

A recent Connecticut Department of Banking enforcement settlement with a Utah-based debt collector, has reduced the fine from $140,000 to $50,00. The underlying consent order and details are not yet available in a publicly accessible format From what is visible ...

Your credit score plays a critical role in your financial life, influencing how much you pay for major expenses such as a car, a home and even insurance. But some commonly shared advice about credit cards may be misleading and ...

Debt recovery has a reputation problem, and much of it is earned. Traditional collection approaches have leaned on frequency and pressure: contact the borrower repeatedly, escalate quickly, and treat every delinquent account with the same urgency regardless of the borrower’s ...

StubHub has agreed to pay $10 million to settle Federal Trade Commission allegations that it used deceptive ticket pricing by hiding mandatory fees until late in the checkout process, in violation of the FTC’s new Rule on Unfair or Deceptive ...

When a customer walks into Prosper’s Farmers Bank & Trust, they aren’t just a number; they’re greeted by name. What starts as a quick check-in often turns into a conversation about a new business idea, a specialized loan or a ...

The CFPB is actively recruiting litigation and appellate attorneys at the same time that its leadership is sharply downsizing and redirecting the enforcement program, so both things are true: they are cutting traditional enforcement capacity while bolstering defensive and rulemaking-focused ...