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March

16
2023
Trends

Bread, Discover and JPMorgan Chase Report Higher Credit Card Delinquencies

Three companies saw their higher credit card delinquency and charge-off rates rise in February. Bread Financial, Discover Financial and JPMorgan Chase reported in recent press releases and Securities and Exchange Commission (SEC) filings that these figures for February were higher than those for both the month before and a year earlier.

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March

16
2023
Industry News

CFPB Heightens Scrutiny of Unlawful Collection of Payments on Discharged Student Loans

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) released a bulletin warning servicers of their obligation to halt unlawful conduct with respect to private student loans that have been discharged by bankruptcy courts.

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March

16
2023
Industry News

The FDIC's Security Controls Over Microsoft Windows Active Directory

The Office of Inspector General of the Federal Deposit Insurance Corporation (FDIC) has issued its report on The FDIC's Security Controls Over Microsoft Windows Active Directory.

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March

16
2023
Industry News

FDIC Prefers Banks Over Other Entities as Silicon Valley Bank Bidders

The pool of potential buyers of Silicon Valley Bank may be narrower than previously thought. The Federal Deposit Insurance Corporation (FDIC), which took over the failed bank Friday (March 10) and created a “bridge bank” to replace it, will probably only sell it to another bank, The Information reported Wednesday (March 15), citing unnamed sources.

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March

16
2023
Industry News

Consumer issues affecting American Indian and Alaska Native communities

Scammers and dishonest businesses can target people in unique ways, so it’s important to understand how communities are affected — and at times, differently affected — by consumer protection issues. A new FTC report focuses on the agency's recent efforts to identify frauds, scams, and bad business practices that impact American Indian and Alaska Native (AI/AN) communities.

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