Financial Accounting, Reporting & Analysis

Apr 11, 2025, 00:00 AM by Jessica Barboza

The Consumer Financial Protection Bureau will rescind a rule interpretation the Biden administration adopted applying consumer protections for credit card borrowing to the growing buy now pay later industry.

Apr 11, 2025, 00:00 AM by Jessica Barboza

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

Apr 10, 2025, 00:00 AM by Jessica Barboza

Debit cards were the top payment method for fraud attempts last year, with almost three-quarters (73%) of financial institutions surveyed by the Federal Reserve Financial Services saying they experienced such attempts. Checks were also a common vehicle for fraud attempts (62%), followed by non-bank payment apps (36%), ACH transactions (31%) and credit cards (24%).

Mar 28, 2025, 00:00 AM by Jessica Barboza

U.S. consumers lost the most money last year by way of bank transfers and payments, with $2.09 billion disappearing through that form of payment, according to a report from the FTC that charted a record $12.5 billion in overall losses in 2024.

Mar 28, 2025, 00:00 AM by Jessica Barboza

The U.S. Department of the Treasury has issued an interim final rule removing the requirement for U.S. companies and individuals to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA).

Mar 28, 2025, 00:00 AM by Jessica Barboza

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

Mar 13, 2025, 02:00 AM by Jessica Barboza

The Senate voted March 5 to overturn a Consumer Financial Protection Bureau (CFPB) rule that gives the federal agency supervisory authority over big tech companies, like Google and Apple, that offer consumer payment tools.

Mar 13, 2025, 02:00 AM by Jessica Barboza

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

Feb 28, 2025, 02:00 AM by Natalie Rooney

Multiple groups filed an amicus brief in a case brought by the New York Attorney General against Citibank, N.A. arguing that the Uniform Commercial Code covers online wire transfers instead of the EFT Act as asserted by the NYAG’s lawsuit.

Feb 28, 2025, 02:00 AM by Natalie Rooney

A hearing on digital assets scheduled in the Senate Banking Committee provided another opportunity to advocate for credit unions’ ability to offer digital assets services.

Feb 28, 2025, 02:00 AM by Natalie Rooney

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

Feb 14, 2025, 00:00 AM by Jessica Barboza

The House advanced bipartisan credit union legislation by voice vote Feb. 10 afternoon, supporting the Credit Union Board Modernization Act (H.R. 975). Introduced by Reps. Juan Vargas, D-Calif., and Bill Huizenga, R-Mich., it would allow credit union boards of well-run credit unions to meet as few as six times per year, instead of once per month as currently required.

Feb 14, 2025, 00:00 AM by Jessica Barboza

Much like many other industries, banking has become more digital in recent years — and Americans of all generations seem to be embracing it. A recent GOBankingRates study found that less than half of baby boomers (48%) prefer to do their banking in person versus online methods.

Feb 14, 2025, 00:00 AM by Jessica Barboza

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

Jan 31, 2025, 00:00 AM by Jessica Barboza

The Consumer Financial Protection Bureau withdrew a proposed rule that would have barred banks from charging fees when debit card transactions and certain other payments are declined in real-time.

Jan 31, 2025, 00:00 AM by Jessica Barboza

New York-chartered banks would be barred from charging overdraft fees when consumers overdraw their accounts by $20 or less, under a proposal the state’s Department of Financial Services floated Jan. 22.

Jan 31, 2025, 00:00 AM by Jessica Barboza

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

Jan 17, 2025, 00:00 AM by Jessica Barboza

The Consumer Financial Protection Bureau has approved the Financial Data Exchange’s (FDX) application to be a standard-setting organization for open banking.

Jan 17, 2025, 00:00 AM by Jessica Barboza

Another decline in credit unions’ auto loan portfolio dragged down total loan growth for November, and the rise in overall delinquency rates accelerated this fall, according to a report from America’s Credit Unions.

Jan 17, 2025, 00:00 AM by Jessica Barboza

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