PHILADELPHIA - (01/11/05) -- Freedom CU said it has chartered anew CUSO, called CU Abstract, to provide full tile insuranceservices and real estate closings. The CUSO will initially servethe five-county Philadelphia region and the Pocono Mountain areaserved by the credit union but will eventually serve the entirestate. CU Abstract plans to expand to provide title searches,purchase, and refinance closings for all accredited lendersthroughout Pennsylvania.
A federal judge ruled that acting Consumer Financial Protection Bureau director Russell Vought unlawfully refused to request agency funding from the Federal Reserve Board, dealing a procedural blow to a legal argument that the Fed can only fund the CFPB when it turns a profit.
A White House executive order issued Friday afternoon directing regulators to ease Dodd-Frank compliance burdens comes as a bipartisan housing bill advances on Capitol Hill.
The bank and fintech entered an agreement to expand open banking ahead of the CFPB's new 1033 rule and announced joint fraud-combatting product improvements.
A federal judge wrote in an opinion that a "mountain of evidence" suggests the subpoenas were an effort to push Federal Reserve Chair Jerome Powell to lower interest rates or resign.
Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
Federal bank enforcement actions have dropped sharply since the start of the second Trump administration, but experts' views vary about whether less enforcement will result in a buildup of risk in the financial system.
