US federal agency that regulates banks, lenders, and other financial firms to enforce consumer protection laws and oversee consumer complaints.
Wise says it has remediated every point of its US AML consent order, after the OCC denied its trust bank charter in July. The $4.2 million order equals 0.6% of a quarter's net revenue; the bigger cost is a charter with no restart date.
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Two former regulators argue in a new report that banks are liable when AI chatbots give wrong or loop-trapping answers on loans and mortgages. They want state enforcers to act as the Trump administration retreats from consumer-protection enforcement.
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OCC found debanking-linked policies at all nine of its largest national banks between 2020 and September 2025. No fines came with the report, but the CFPB announced its own investigation and the OCC is weighing further changes for the largest banks.
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Block's $15 million Cash App security settlement starts paying claimants in October 2026 after approving about 40,380 of more than 667,000 claims. Approved claims are valued at about $5.6 million so far, little more than a third of the fund Block agreed to.
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Merchants, issuers and payment firms among 75 RBA submitters said chargeback liability is unclear when an AI agent exceeds its authority. Amazon's AgentCore Payments already lets agents pay in stablecoins, so for now merchants and networks are left to price the risk of a disputed order.
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Goldman Sachs' board has discussed COO John Waldron replacing CEO David Solomon around the end of next year or early 2028, the Wall Street Journal reported. He helped build the strategy he would inherit, though Semafor expects any real change to come on his watch.
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Judge Ann Aiken ruled that Russell Vought's zero funding request for the CFPB was unconstitutional, in a suit brought by 22 attorneys general. The ruling keeps the bureau's claim on the Fed intact through Fed losses, pending appeal, and leaves the size of each request to the director.
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South Korea's Financial Supervisory Service plans to publish interim inspection findings only where consumer harm is feared or a major incident could follow. For inspected firms, most publicity would then come at the sanction stage.
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BankChain Alliance is a deposit-retention play dressed as a blockchain project. The published roster is one association short of 39 and leaves out California, New York and Illinois.
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Vishal Garg and Daniel Lewis are arguing through SEC filings, X threads and a 13-month text log ahead of a shareholder vote that decides who runs a mortgage lender the market values at $230 million.
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The FDIC's Thursday proposal sets standard review clocks of 90 or 180 days under a 270-day cap, and rewrites its concentration test to count credit union and thrift deposits. Comment runs 60 days.
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Louis Rossmann's Own Your Shit tour spent the summer pointing crowds at Section 1201 of the DMCA, the 1998 provision that makes bypassing a manufacturer's lock illegal. His nonprofit Fulu pays for doing it anyway.
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A new study traces 87 per cent of documented demand surges at government services to one capability, cheaply produced text, and its authors say 84 cases prove existence without measuring how widespread the flooding has become.
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Two public servants had 20 and eight qualifying payments reversed after what the Education Department calls coding errors, and it will not say how many other borrowers were hit, which leaves the ten-year promise undated.
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The Fair Lending Examination Act would require the DFPI to check lenders for discrimination under both state and federal definitions, which moves the compliance floor for anyone lending in California from Washington to Sacramento.
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The Georgia Tech corpus says the handset belongs to the attacker while Regulation E says the loss belongs to the bank, which makes every extra authentication factor pushed to that same phone a purchase with no yield.
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The interagency rescission changes little, because the CFPB's April rewrite of Regulation B did the work. What is left is state disparate-impact exposure without the federal tool for answering it.
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A zero-trust design for collection actions puts a 30-second, single-use permit in front of every dialer and SMS worker. The interesting part is what it does when the facts disagree.
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Three million of those workers pay consumer apps to do what payroll will not. The fee lands on them, which is why this benefit is cheap to approve and hard to keep as an advantage.
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Two borrowers, one internally inconsistent servicer notice, and a GAO finding of poor coordination since July 1. Fixing a credit file takes about a month; the notices arrive on a Saturday.
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Invest · August 20, 2026 · One report1 publisher