regulations

Regulation is an abstract concept of management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.

Source: en.wikipedia.org

CFPB Bans Performant From Servicing or Collecting Student Loan Debt
CFPB Bans Performant From Servicing or Collecting Student Loan Debt
December 09, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) banned Performant Recovery from servicing or collecting any student loan debts and ordered the company to pay a $700,000...

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30% of Small Businesses Have Filed Beneficial Ownership Information Reports
30% of Small Businesses Have Filed Beneficial Ownership Information Reports
December 09, 2024  |  SMBs

As of Dec. 1, one month before the Jan. 1 deadline, about 30% of small businesses reported beneficial ownership information to the Financial Crimes Enforcement...

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Fed Oversight Council Argues for More Control Over FinTech
Fed Oversight Council Argues for More Control Over FinTech
December 06, 2024  |  News

The Financial Stability Oversight Council (FSOC) said Friday (Dec. 6) that Congress should pass legislation ensuring that relevant agencies have the examination and enforcement powers they...

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Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
Google Sues CFPB, Calling Supervisory Designation Order ‘Government Overreach’
December 06, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) ordered federal supervision of Google on Friday (Dec. 6) after a contested designation. The regulator published an order establishing supervisory...

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CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
CFPB Sues Comerica Bank Over Handling of Federal Benefits Program
December 06, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) sued Comerica Bank Friday (Dec. 6), alleging that the bank committed violations that include hanging up on customer service calls and...

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TD Bank Says Earnings Growth ‘Challenging’ Amid AML Remediation
TD Bank Says Earnings Growth ‘Challenging’ Amid AML Remediation
December 05, 2024  |  Bank Regulation

TD Bank Group said Thursday (Dec. 5) that for the coming fiscal year, “it will be challenging for the Bank to generate earnings growth,” as...

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New EU Competition Chief Aims to Continue Effort to Break Up Google
New EU Competition Chief Aims to Continue Effort to Break Up Google
December 05, 2024  |  ANTITRUST

The European Union’s new competition chief, Teresa Ribera, reportedly said that a breakup of Google is still a possibility. Ribera said that divestments can keep...

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Report: FDIC Ramps Up FinTech Scrutiny
Report: FDIC Ramps Up FinTech Scrutiny
December 05, 2024  |  Bank Regulation

The Federal Deposit Insurance Corporation (FDIC) reportedly has begun more closely tracking FinTechs that partner with banks, aiming to spot potential problems before they affect...

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Bitcoin Crosses $100K Threshold on News of Trump’s SEC Pick
Bitcoin Crosses $100K Threshold on News of Trump’s SEC Pick
December 05, 2024  |  Cryptocurrency

Bitcoin’s price has exceeded $100,000 for the first time, a milestone for the digital currency. The world’s most popular cryptocurrency was at a little over...

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