The European Union is preparing to make it easier for banks to move funds between EU member states, the Financial Times reported Thursday (June 18), citing a leaked report from the European Commission that is set to be released in July. This is one of several measures the EU plans...
The Consumer Financial Protection Bureau (CFPB) published its final rule on the Equal Credit Opportunity Act (Regulation B) on Wednesday (April 22). The CFPB said in its summary of the final rule that it amends provisions related to disparate impact, discouragement of applicants or prospective...
Nonbanks expanded sharply in corporate credit during the past decade, and this growth coincided with a market in which leverage steadily moved higher. Private credit funds and finance companies have became central players as banks faced new rules on leverage. New regulatory changes now set...
The Consumer Financial Protection Bureau (CFPB) asked a judge Tuesday (July 29) to stay a lawsuit challenging the open banking rule implemented last year by the Bureau’s previous leadership under the Biden administration. The CFPB said it will engage in an “accelerated rulemaking process” to revise...
December 09, 2025
Nonbanks expanded sharply in corporate credit during the past decade, and this growth coincided with a market in which leverage steadily moved higher. Private credit funds and finance companies have became central players as banks faced new rules on leverage. New regulatory changes now set the stage for another shift. Nonbanks Grew as Leverage Increased […]
May 26, 2025
We’re not quite at the halfway point of the year — that will come June 30 — but the long weekend offers time to pause and reflect on some significant...
December 12, 2024
The new (and reportedly final) rule on overdraft fees may have consumer groups — and consumers — cheering. But the Consumer Financial Protection Bureau’s (CFPB) move may have a series...
August 12, 2024
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only...
September 23, 2026
A U.S. District Court ruled Tuesday (Sept. 22) that federal credit unions cannot be forced to comply with the Illinois Interchange Fee Prohibition Act (IFPA), according to a Tuesday press release issued by the co-plaintiffs in a lawsuit challenging the law. The order extended to federal credit unions a permanent injunction that the court previously applied to […]
June 19, 2026
The European Union is preparing to make it easier for banks to move funds between EU member states, the Financial Times reported Thursday (June 18), citing a leaked report from the European Commission that is...
April 22, 2026
The Consumer Financial Protection Bureau (CFPB) published its final rule on the Equal Credit Opportunity Act (Regulation B) on Wednesday (April 22). The CFPB said in its summary of the...
July 29, 2025
The Consumer Financial Protection Bureau (CFPB) asked a judge Tuesday (July 29) to stay a lawsuit challenging the open banking rule implemented last year by the Bureau’s previous leadership under the...