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October

13
2022
Compliance

AI Provides Context Needed to Help Banks Stop Financial Scams

In a recent conversation with Karen Webster, Featurespace Founder Dave Excell and MidFirst Bank Vice President and Director of Enterprise Fraud Candler Eve sounded the alarm in the battle against payments fraud.

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October

13
2022
Industry News

CFPB Requires Bank to Pay Over $190 Million for Overdraft Fees

On September 28, 2022, the Consumer Financial Protection Bureau (CFPB) an​nounced that it ordered an Alabama bank to pay over $190 million to resolve allegations that it charged its customers surprise overdraft fees between August 2018 and July 2021.

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October

13
2022
Industry News

Hochul Signs NY Law Ending 22% Fee on Student Debt Collection

(Bloomberg) -- New York students will no longer be charged an additional fee on the collection of educational loans by state agencies.

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October

13
2022
Industry News

Federal Judge Dismisses Lawsuit Against Student Loan Forgiveness

A federal judge dismissed a Wisconsin group’s legal challenge to the Biden administration’s student loan cancellation plan on Oct. 6, determining the plaintiff did not have standing as a taxpayer, according to The Hill.

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