Financial Accounting, Reporting & Analysis

Sep 6, 2024, 00:00 AM by Jessica Barboza

The share of U.S. adults who were using credit cards or loans to make ends meet amid rising prices rose to nearly 40% in October 2023, up from roughly 37% a year prior, according to research from the Federal Reserve Bank of Boston.

Sep 6, 2024, 00:00 AM by Jessica Barboza

A federal judge has rejected claims that the Consumer Financial Protection Bureau is overstepping its authority by requiring lenders that make at least 100 small-business loans a year to collect demographic data from borrowers, including their race and gender.

Sep 6, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Aug 21, 2024, 00:00 AM by Jessica Barboza

More consumers are falling behind on their credit card debt relative to other forms of debt. The percentage of balances over 90 days delinquent was the highest for credit card debt, followed by auto loans, student loans, mortgages and home equity lines of credit, according to the New York Fed’s second-quarter report.

Aug 21, 2024, 00:00 AM by Jessica Barboza

The Swedish buy now, pay later giant Klarna said it has begun offering savings accounts to its customers in the U.S. and 12 European countries. Customers can use money from the accounts to pay for items using Klarna’s trademark installment payment app.

Aug 21, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Aug 7, 2024, 00:00 AM by Jessica Barboza

A top U.S. bank regulator's confidential assessments found 11 of the 22 large banks it supervises have "insufficient" or "weak" management of a broad swath of risks ranging from cyberattacks to employee blunders.

Aug 7, 2024, 00:00 AM by Jessica Barboza

Financial institutions view loan disbursements as a top use case for instant payments, according to the results of a survey by the U.S. Faster Payments Council and the fintech Finzly. In the May poll, 85.7% cited that use case for real-time payments, according to a report on the findings issued July 30.

Aug 7, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Jul 24, 2024, 00:00 AM by Jessica Barboza

The Treasury Department’s Office of the Comptroller of the Currency (OCC) proposed a rule that would extend requirements for recovery plans to all banks with at least $100 billion in assets.

Jul 24, 2024, 00:00 AM by Jessica Barboza

Six federal regulatory agencies have issued a final rule, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to help ensure the credibility and integrity of models used in valuations for certain mortgages secured by a consumer's principal dwelling.

Jul 24, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Jul 11, 2024, 00:00 AM by Jessica Barboza

The Supreme Court has ruled that a lawsuit by a North Dakota merchants group challenging a debit card interchange rate set by the Federal Reserve can proceed.

Jul 11, 2024, 00:00 AM by Jessica Barboza

Hackers stole $1.38 billion in cryptocurrency during the first half of the year, about twice the amount stolen during the same period in 2023, according to a recent report from blockchain intelligence firm TRM.

Jul 11, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Jun 17, 2024, 00:00 AM by Jessica Barboza

The Consumer Financial Protection Bureau (CFPB) took an initial step toward tightening rules for fees charged in the home-buying process.

Jun 17, 2024, 00:00 AM by Jessica Barboza

U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their loan books, the Federal Reserve said after its first analysis on the issue.

Jun 17, 2024, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial institutions news items from around the web.

Jun 13, 2024, 02:00 AM by Natalie Rooney

Forensic auditors with the Bureau of Alcohol, Tobacco, Firearms and Explosives are highly trained experts who assist with investigations into firearms trafficking, arson for profit, explosives violations and tobacco and alcohol diversion.

Aug 18, 2022, 11:22 AM by Sonya Guthrie

A rule from the U.S. Department of Labor could create a regulatory landmine for investment advisers.