By an exemption order dated June 27, 2025, federal prudential regulators have given banks and credit unions some welcomed flexibility when collecting an individual’s or entity’s taxpayer identification number (TIN) during...more
7/8/2025
/ Banking Sector ,
Comptroller ,
Consumer Financial Products ,
Credit Unions ,
Customer Identification Program (CIP) ,
Depository Institutions ,
Financial Institutions ,
FinTech ,
New Guidance ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Taxpayer Identification Number ,
Third-Party
A New York federal court has largely denied a state credit union’s motion to dismiss a class action lawsuit regarding non-sufficient funds (NSF) fees, overdraft fees, and out-of-network ATM fees. See Fairchild-Cathey v....more
On December 16, 2022, Ohio Governor Mike DeWine signed Ohio S.B. 249, which created a regulatory sandbox to test novel financial products and services on a temporary basis. The Ohio Regulatory Sandbox Law requires the Ohio...more