Today, I want to discuss the status of where we are on accelerating America’s shift to open banking, with a focus on the role of standard setters and standard-setting. I then want to discuss some of the dangers of how the standard-setting process can be weaponized in an anticompetitive way. I’ll close with how standard-setting organizations can anticipate becoming recognized by the Consumer Financial Protection Bureau (CFPB).
U.S. Senator Josh Hawley (R-Mo.) sent a letter to Assistant Attorney General Jonathan Kanter urging the Department of Justice to investigate The Fair Isaac Corporation’s (FICO) potentially anticompetitive practices.
This yr, America’s credit score unions will have a good time the ninetieth anniversary of the Federal Credit score Union Act. Credit score unions have lengthy held a singular place in our monetary system for his or her mission of service, in addition to the cooperative rules they embody.
Texas Attorney General Ken Paxton has sued the Colony Ridge development in Liberty County for deceptive trade practices, fraud in real estate transactions, and other violations of Texas and federal law.
The Federal Reserve Board on Thursday issued an enforcement action against JPMorgan Chase & Co. and fined the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct.
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