Contending that policies implemented by guidance represent an unfair regulatory burden and might be contrary to federal law, the CFPB is rescinding 67 guidance documents issued since the bureau began operating in 2011.
The path to creating a bank — from submitting a business plan to hitting the ground running — is a long and winding road, with tough regulations in the form of high capital requirements and mountains of paperwork, banking executives told lawmakers Wednesday (May 14). In addition, they added, merger policies are restrictive.
The Telephone Consumer Protection Act (TCPA) continues to be a major source of litigation risk for businesses engaged in outbound marketing. In the first quarter of 2025, litigation under the TCPA surged dramatically, with 507 class action lawsuits filed — more than double the volume compared to the same period in 2024. This steep rise reflects shifting enforcement patterns and a growing emphasis on consumer communications practices. Companies should be aware of several emerging trends and evolving interpretations that are shaping the compliance environment.
The Office of the Comptroller of the Currency (OCC) today published the spring 2025 edition of the Interest Rate Risk Statistics Report. The report presents interest rate risk data gathered during examinations of OCC-supervised midsize and community banks and federal savings associations (collectively, banks). The statistics are for informational purposes only and do not represent OCC-suggested limits or exposures.
Despite significant systemic barriers, consumers classified as subprime remain active participants in the credit market, seeking both traditional products and alternative options to manage finances and improve their credit standing, according to a new PYMNTS Intelligence report.
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