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Credit bureaus should know better than to include "impossible" data, such as someone defaulting on a loan before they were born, says Consumer Financial Protection Bureau Director Rohit Chopra.

The San Jose, California-based credit union completed its first out-of-state expansion with a virtual branch in Idaho's tech hub, to be followed soon by a brick-and-mortar location.

A big settlement with the Consumer Financial Protection Bureau and recent changes to overdraft policies by the Alabama company helped drive down its third-quarter profits by 34%.

U.S. central bankers said the next phase in their campaign to curb inflation will be to debate how high to raise interest rates and when to slow the pace of increases.

Kara Watkins is the Inclusive Savings and Investing Program Manager at the Aspen Institute Financial Security Program.

Karen Andres is project director of the Retirement Savings Initiative at the Aspen Institute Financial Security Program.

Eric Blancke is Embroker's Head of Pricing. Blancke leads a team of insurance professionals dedicated to making business insurance radically simple. While he began his career as a reserving actuary at Deloitte Consulting, he has explored a wide variety of roles within the insurance sector. Previously, at CNA, Eric served as a medical malpractice pricing actuary, director of commercial claim analytics, and an assistant vice president of underwriting strategy, operations, and analytics.

U.S. Bank's new M&A closing date, and new rewards card, and more in banking news this week.

A federal judge dismissed a lawsuit by six Republican-led states challenging President Biden's student-loan forgiveness plan, finding the states failed to show they'd be directly harmed.

Paydowns at the Arkansas bank, which specializes in commercial real estate lending, fell by $1 billion from the prior quarter as refinancing activity slowed amid soaring interest rates. The result was stronger loan growth.