The Consumer Financial Protection Bureau (CFPB) recently issued two reports examining the tenant background check industry maintain errors often result in increased costs and quality rental housing barriers.© Shutterstock The CFPB report findings stem from the agency’s analysis of over 24,000 complaints highlighting renter challenges connected to the industry’s failure to remove incorrect, old, or […]

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The Securities and Exchange Commission (SEC) filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the previous fiscal year, the commission announced this week. © Shutterstock Of this total, 462 were new, or “stand-alone,” enforcement actions, up 6.5 percent from the previous year. The stand-alone enforcement actions ran the gamut […]

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The Securities and Exchange Commission (SEC) has charged S&P Global Ratings with violating rules designed to prevent sales and marketing considerations from influencing credit ratings.© Shutterstock The SEC involves an issuer that engaged S&P – a nationally recognized statistical rating organization (NRSROs) — to rate a jumbo residential mortgage-backed security transaction in July 2017. Over […]

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A Union Bank-commissioned survey of small business owners has determined there is optimism about the holiday season and confidence in preparation to adapt amid efforts to meet customer needs. © Shutterstock The Union Bank Small Business Holiday Spending 2022 Survey stemmed from research gathered via an online survey conducted by the global independent research firm […]

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New York Stock Exchange (NYSE) officials are touting trading of the PIMCO Active Bond Exchange-Traded Fund (ETF) as the first ETF to list on the NYSE in 15 years.© Shutterstock The PIMCO Active Bond also serves as the first-ever active ETF to be listed on the Big Board. “We are excited to welcome the PIMCO […]

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A publication recently released by the Bank of America Institute, a Bank of America think tank, maintains October’s overall consumer spending increased, but at a slower pace than prior months.© Shutterstock “Our internal data illustrates that the consumer still has forward momentum, though holiday spending looks a little tepid right now,” Bank of America Institute […]

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The Consumer Financial Protection Bureau (CFPB) issued an advisory this week affirming that neither consumer reporting companies nor information furnishers can avoid dispute investigation requirements.© Shutterstock When people identify inaccurate information on their consumer reports, they can dispute it with the consumer reporting company. However, consumer reporting companies are required to conduct complete investigations. The […]

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The Consumer Financial Protection Bureau (CFPB) released a bulletin last week that highlights complaints the bureau has received related to crypto assets. © Shutterstock From October 2018 to September 2022, the CFPB has received more than 8,300 complaints related to crypto assets, with the majority received in the past two years. About 40 percent of […]

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The Inter-Agency Working Group on Treasury Market Surveillance (IAWG) issued an update on the steps its members have taken to enhance the resilience of the U.S. Treasury market.© Shutterstock The IAWG members have, among other steps: Proposed rules to enhance the oversight of significant participants in and trading venues for the Treasury market and to […]

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A group of Senate Committee on Finance members recently released a legislative discussion draft to bolster mental health care services integration while also expanding crisis care access.© Shutterstock Senate Finance Committee Chair Ron Wyden (D-OR) and Ranking Member Mike Crapo (R-ID) joined U.S. Sens. Catherine Cortez Masto (D-NV) and John Cornyn (R-TX) in detailing the […]

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