In a significant move that could reshape the landscape of consumer financial protection, the U.S. House of Representatives passed a resolution to overturn a Biden-era rule by the Consumer Financial Protection Bureau (CFPB) that aimed to cap overdraft fees. This Congressional Review Act (CRA)
The global financial crisis of 2007–2008 and ongoing bank turmoil have underscored the need for effective bank supervision to maintain financial stability. Traditional compliance-based supervision, which penalizes regulatory non-compliance after the fact, is insufficient. Regulators are now moving t
The financial landscape of 2025 has brought forth attractive opportunities for savers and investors, particularly in the realm of Certificates of Deposit (CDs). With the Federal Reserve's recent rate cuts, now is an optimal time to lock in high CD rates. This article delves into the current
The landscape of credit assessment and reporting is undergoing a significant transformation. Major U.S. credit bureaus—Experian, Equifax, and TransUnion—are increasingly integrating alternative risk data into their credit assessment models. This shift aims to provide a more comprehensive evaluation
Credit unions (CUs) have long engaged in a subtle rivalry with mega-banks, striving to cement consumer loyalty and maintain their relevance. The competition became even more intense with the rise of digital-only banks, which further pressured credit unions to innovate rapidly. Although
Financial technology, commonly referred to as fintech, has increasingly become the backbone of modern financial institutions, driving efficiency, security, and innovation across various operations. Within this burgeoning market, Fidelity National Information Services, Inc. (FIS) has emerged as a
