WASHINGTON—Rep. Scott Fitzgerald (R-WI) has introduced the Making CFPB Accountable to Small Business Act, which would require the CFPB to “tailor its regulations “for small businesses undergoing Small Business Regulatory Enforcement Fairness Act (SBREFA) panel reviews.
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WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued guidance on its Beneficial Ownership Information (BOI) reporting rule, which is effective Jan. 1, 2024.
ALEXANDRIA, Va.–NCUA has scheduled a hearing on a request by Dade County FCU to expand northward to serve Broward County, Fla., as part of its field of membership.
HONOLULU–The Defense Credit Union Council (DCUC) held its third annual Hawaii Sub-council luncheon at the Pacific Club in Honolulu, Hawaii.
WASHINGTON – The failed Silicon Valley Bank (SVB) has a new owner. The Federal Deposit Insurance Corporation (FDIC) said it has entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank by First-Citizens Bank & Trust Company, Raleigh, N.C.
RALEIGH, N.C.-– The Coastal Credit Union Foundation has granted $100,000 each to Habitat for Humanity of Orange County and Habitat for Humanity of Durham County to fund the building of two homes in honor of the credit union’s retiring CEO, Chuck Purvis and his wife, Gail Purvis.
NEW YORK–Credit unions have yet another challenge in the war for talent—cover letters and test responses provided by candidates that were actually written by artificial intelligence.
BRUSSELS, Belgium—Merchants in the eurozone could be required to accept a digital euro if it is deemed to be legal tender, according to a paper distributed to members of the Council of the European Union.
WASHINGTON—Following a Federal Trade Commission lawsuit, the operators of a telemarketing scam that called hundreds of thousands of consumers nationwide to pitch them expensive “extended automobile warranties” will face a lifetime ban from the extended automobile warranty industry and from all outbound telemarketing.
LONDON —Tough rules are needed to “detoxify” crypto to remove conflicts of interest, safeguard customer assets and force through radical changes to business models, Britain’s financial watchdog is saying.