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The rescissions are not final and will allow the bureau to evaluate whether each of the items was statutorily prescribed, CFPB Acting Director Russ Vought said.
The state essentially picked up the challenge the CFPB put down when it dismissed its own lawsuit alleging the bank cost users $2 billion by not informing them of a higher-yield savings account.
AI is no longer just a tool; it’s shaping banking’s future. Learn how financial institutions can harness AI to optimize operations, boost revenue, and stay ahead in an evolving industry in this webinar.
The senator urged the Justice Department’s new antitrust czar, who's expressed a general concern over the creation of too-big-to-fail firms, to “back [her] words with action.”
Today’s financial risks evolve too quickly for quarterly assessments. Learn how banks and credit unions can stay ahead of risk by identifying threats before damage occurs in this infographic.
