It’s Monday, June 2 and at this writing the ultimate fate of Rule 1033 — the so-called “open banking” rule set in motion last year by the Consumer Financial Protection Bureau (CFPB) — remains in limbo.
Kentucky remains ground zero for what happens. But the timeline could stretch out for a few more months.
The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 1, 2025, through May 31, 2025.
Under the CRA, the OCC assesses an institution’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with the safe and sound operation of such institution.
Florida Gov. Ron DeSantis recently signed legislation making it clear that debt collection emails sent between 9 p.m. and 8 a.m. do not violate Florida law.
Those are the hours that debt collectors are prohibited from communicating with debtors. Now, emails are excluded from that prohibition.
Wells Fargo cannot seem to stay out of trouble. The bank that created headlines over fake accounts and unauthorized insurance policies is again under fire, alongside several major financial institutions.
Under the Treasury Offset Program, the federal government can collect delinquent debts owed to its agencies. Its rules state that up to 15 percent of a person's Social Security benefits can be withheld to recover defaulted federal student loans. Garnishments cannot lower the monthly benefit amount to less than $750.
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