NCUA Board Member Gigi Hyland represented the agency at the inaugural meeting of President Bush's Identity Theft Task Force. The task force, co-chaired by the attorney general and the chairman of the FTC, includes representatives from other executive branch departments and the federal financial regulatory agencies. The task force's goals include: aggressive law enforcement actions designed to prevent, investigate and prosecute ID theft; improved public outreach to better educate the public about ID theft and address how the private sector can implement measures to protect personal data; and increased safeguards that federal departments, agencies and instrumentalities can implement.
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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.
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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.
March 13 -
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.
March 13 -
Investors claim JPMorganChase collected fees while ignoring suspicious transfers linked to a $328 million crypto Ponzi scheme.
March 13 -
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.
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Billy Beale, who was hired to clean up Virginia-based Blue Ridge Bankshares after its failed foray with fintechs, has left the $2.4 billion-asset company. His successor is Harry Golliday, who was named interim CEO.
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