CFPB will not enforce payday lending rule

In a surprise move, the Consumer Financial Protection Bureau said that it will not enforce or supervise lenders for the final payday lending rule. The bureau also plans to narrow the scope of the rule.

Press Release: FDIC Clarifies Process for Banks to Engage in Crypto-Related Activities

PRESS RELEASE | MARCH 28, 2025 FDIC Clarifies Process for Banks to Engage in Crypto-Related Activities WASHINGTON – Today, the Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL-7-2025) that provides new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities. The new guidance, which rescinds FIL-16-2022, clarifies that FDIC-supervised […]