FTC

The matter of when it will be appropriate for the Federal Reserve to reduce the federal funds rate is nearly settled, as indicated by Fed Chair Jerome Powell, whose speech indicating cuts are on the way came just days after another member of the Fed Board explained why they believe the time has come for rate reductions to begin. Learn about this perspective and more in this regulatory roundup. Read on »

Aside from the slew of regulatory actions on the radars of banks and credit unions of all sizes and types, federal agencies are also busy working to solicit input on matters such as affordable and equitable housing and address frequently asked questions about best accounting practices. Learn more in this regulatory roundup. Read on »

Federal banking regulators were busy last week with various proposed rules and guidance related to financial stability and regulatory measures. Meanwhile, there were also several enforcement and supervision developments, which you may have missed and we have rounded up below. Read on »

Financial institutions interested in earning credit for banking activities covered under the Community Reinvestment Act will be interested in an updated list of eligible underserved communities published by banking regulators. Learn more about this and other recent developments at federal agencies in this regulatory roundup. Read on »

Impersonation fraud is a growing problem gaining more attention from federal regulators. In this regulatory roundup, learn about one agency’s first case involving charges under a new rule targeting these types of schemes, as well as about newly formed offices meant to address complaints of workplace misconduct at one agency. Read on »

The Federal Trade Commission’s annual report to the Consumer Financial Protection Bureau offered insight into its 2023 enforcement actions on consumer protection matters and efforts to educate consumers and businesses on statutes created to protect them against bad actors. Several portions of the report describe issues involving the Truth in Lending Act, the Consumer Leasing Act, and the Electronic Fund Transfer Act. Read on »

Reiterating the two agencies’ continuing cooperation on consumer protection matters, the Federal Trade Commission and the Federal Communications Commission (FCC) signed a memorandum of understanding following the FCC’s recent decision to restore net neutrality. Read on »

The U.S. Chamber of Commerce filed a lawsuit against the Federal Trade Commission (FTC) over the agency’s newly announced final rule banning non-compete agreements. The lawsuit challenges the FTC’s authority to prohibit companies from limiting their employees’ ability to work for rivals. Read on »

In the Information Age, regulators spend a tremendous amount of time addressing issues dealing with how consumer data is used and disseminated across multiple industries. The following roundup of recent headlines reflects these efforts and the areas where regulators see violations of federal laws intended to guard against data misuse. Read on »

The acceleration of technology has spurred federal and state agencies to consider ways of enhancing their capacity to enforce consumer protection laws in the ever-transforming digital landscape. The Consumer Financial Protection Bureau and the Federal Trade Commission were among the federal agencies to issue separate statements detailing agency-specific plans for staffing and approaches applicable to emerging technology. Read on »