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April

20
2023
Industry News

Medical debt affects millions in North Carolina. Will state lawmakers approve protections?

It should be much harder for hospitals to go after people to collect on medical debt, especially since hospitals already make billions of dollars by deducting those losses from their taxes, state political leaders said Wednesday.

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April

20
2023
Industry News

NYDFS Says ‘Dual Banking System’ Should Oversee Stablecoins

According to New York’s financial regulator, the best system for regulating stablecoins already exists. Testifying before the House Financial Services Committee Wednesday (April 19), New York Department of Financial Services Superintendent (NYDFS) Adrianne A. Harris said federal stablecoin legislation should build on the existing “dual banking” system.

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April

20
2023
Industry News

FTC Testifies Before the U.S. Senate Committee on Veterans’ Affairs About the Agency’s Work to Crack Down on Fraud and Related Threats Against the Military Community

The Federal Trade Commission testified before the U.S. Senate Committee on Veterans’ Affairs todayabout the work the agency is doing to crack down on fraud and related threats against veterans and the broader military community. The testimony discussed fraud, enforcement actions, and rulemaking initiatives involving the military community, and the FTC’s military-specific consumer education and outreach efforts.

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April

20
2023
Industry News

OCC Enforcement Actions and Terminations

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

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April

20
2023
Trends

U.S. Foreclosure Activity Continues To Climb In Q1 2023

IRVINE, Calif. — April 19, 2023 ATTOM, a leading curator of land, property, and real estate data, today released its Q1 2023 U.S. Foreclosure Market Report, which shows a total of 95,712 U.S. properties with a foreclosure filings during the first quarter of 2023, up 6 percent from the previous quarter and up 22 percent from a year ago.

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