Sign up here to receive American Banker’s complete Bankers’ Hours newsletter—delivered to your inbox every morning.
The five banks and one credit union collectively hold about $6.7 billion in assets, according to call reports published by the Federal Deposit Insurance Corp. and National Credit Union Administration. None of the four unconfirmed banks appears in the searchable breach records that six states publish. More here.
FTC emerges as main consumer-protection watchdog in D.C.
Though consumer protection at the federal level has ground to a halt under the second Trump administration, one agency is a notable exception: the Federal Trade Commission.
The FTC has maintained an active docket with aggressive oversight of major technology platforms and digital payment processors engaged in facilitating fraud and deceptive practices, including surveillance pricing and undisclosed fees. In light of that record, financial services companies shouldn’t assume that consumer-protection enforcement in Washington will be nonexistent for the next two years. More here.
Sign up here to receive American Banker’s complete Bankers’ Hours newsletter—delivered to your inbox every morning.
——————————————————–
Click Here For The Original Source.
