The new regulation, under the Fair Credit reporting Act, combats the misuse and abuse of personal data on background screening and credit reports

The CFPB’s amendments to its examination manual have “tremendous implications” for “consumers, banks, and financial markets at large”, trade bodies warn

Banking associations say there is “simply no justification” for credit union powers proposed for addition to financial inclusion legislation

The Lummis-Gillibrand Act aims to bring clear regulation on digital assets

Criminals are constantly adapting and devising new ways to evade safety and security measures meant to prevent illicit activities

The association said the rules as they are fail to account for significant competition in many product lines

The firm has been penalized for failing to file anti-money laundering reports on time

Two major deals are going to be the subject of public hearings as scrutiny of transactions increases

The regulator’s proposals do not take into account other policy goals, according to a trade body coalition

Michael Hsu calls for reform but rejects the idea of a moratorium on transactions