( Swap Reporting Violations – Article ) ( Articles ) ( Swap Reporting Violations ) Swap Reporting Violations Introduction In the wake of the 2008 financial crisis, regulatory bodies across the globe recognized the need for increased transparency in the financial markets, particularly in the derivatives market. One significant step taken in the United States was the […]
Month: November 2024
CFTC Press Releases – Article
( CFTC Press Releases – Article ) ( Articles ) ( CFTC Press Releases ) CFTC Press Releases (CFTC-Info) Introduction The Commodity Futures Trading Commission (CFTC) is an independent agency of the U.S. government responsible for regulating the derivatives markets, including futures, swaps, and certain kinds of options. One of the primary ways the CFTC communicates its […]
CFPB Press Releases – Article
( CFPB Press Releases – Article ) ( Articles ) ( CFPB Press Releases ) CFPB Press Releases (CFPB-Info) Introduction The Consumer Financial Protection Bureau (CFPB) is an essential agency in the United States that focuses on protecting consumers in the financial sector. One of the key methods the CFPB uses to communicate its activities and initiatives is through Press Releases. […]
Overdraft Fees – Article
( Overdraft Fees – Article ) ( Articles ) ( Overdraft Fees ) Overdraft Fees (OD-Fees) Introduction OD-Fees are charges imposed by financial institutions when an account holder spends more money than what is available in their checking account. While these fees can offer temporary relief for unexpected expenses, they often lead to significant financial […]
SEC-PR-2024-179
SEC-PR-2024-179 (11-08-24) SEC Charges Invesco Advisers for Making Misleading Statements About Supposed Investment Considerations Excerpt: Washington D.C., Nov. 8, 2024 — The Securities and Exchange Commission today charged Invesco Advisers, Inc. for making misleading statements about the percentage of company-wide assets under management that integrated environmental, social, and governance (ESG) factors in investment decisions. The […]
Fair Housing Act – Article
( Fair Housing Act – Article ) ( Articles ) ( Fair Housing Act ) Fair Housing Act (FHA) Overview The Fair Housing Act (FHA) is a landmark piece of legislation enacted in 1968 as part of the Civil Rights Act. The FHA aims to eliminate discrimination in housing and ensure that all individuals have equal access to housing opportunities, regardless of […]
Equal Credit Opportunity Act – Article
( Equal Credit Opportunity Act – Article ) ( Articles ) ( Equal Credit Opportunity Act ) Equal Credit Opportunity Act (ECOA) Overview The ECOA is a federal law enacted in 1974 to ensure that all consumers have equal access to credit without discrimination. The ECOA prohibits lenders from denying credit based on specific characteristics, promoting fair and equitable […]
Discriminatory Lending Practices – Article
( Discriminatory Lending Practices – Article ) ( Articles ) ( Discriminatory Lending Practices ) Discriminatory Lending Practices (DLP) Overview DLP refer to unfair and illegal practices that result in unequal treatment of borrowers based on characteristics such as race, ethnicity, gender, age, or other protected attributes. These practices can lead to higher interest rates, […]
CFPB-PR-241107-1
( CFPB-PR-241107-1 ) (11-07-24) Navy Federal Credit Union On November 7, 2024, the Bureau issued an order against Navy Federal Credit Union, headquartered in Vienna, Virginia. Navy Federal is the largest retail credit union in the United States, with more than 13 million members with ties to the armed forces, Department of Defense, or National Guard […]
FTC-PR-241106-2
FTC-PR-241106-2 (11-06-24) FTC Order Against AI-Enabled Review Platform Sitejabber Will Ensure Consumers Get Truthful and Accurate Reviews – Sitejabber allegedly misrepresented ratings and reviews submitted by consumers who had not yet received products or services The Federal Trade Commission today charged that Sitejabber, a company offering an AI-enabled consumer review platform, deceived consumers by misrepresenting […]