Banks are concerned about the lack of clarity regarding legal liability in the Consumer Financial Protection Bureau's open banking rule, and fear that they will end up on the hook for data breaches or unauthorized transactions caused by a fintech or data provider.

The revisions also revise how the surplus is calculated to evaluate risk of the bonds used as part of the available asset portion of the capital requirements.

The military-focused company, which operates an insurer and a $111.7 billion-asset bank, has tangled with regulators during Wayne Peacock's tenure. He will retire in the first half of 2025.

Insurance consumer advocates want the association of state insurance regulators to share the data on home insurance collected recently from insurers, to better address an affordability crisis.

The state's regulator has nearly finalized an increase in rates for the Citizens Property Insurance Corporation (CPIC), established to cover Floridians dropped or rejected by private insurers.

The California Department of Insurance, responding to consumer advocate groups' criticisms, issued a plan that its commissioner says will keep rate increases in check.

The litigation comes amid heated debate over a Department of Labor rule meant to prevent excessive fees on sales of insurance products.

California consumer advocacy group Consumer Watchdog says the state's insurance regulator went beyond established norms for certifying its right to funding by adding industry comments critical of the organization.

California insurance regulator's changes to "insurer of last resort" plan promises to shore up carriers participation in the state's market, but Consumer Watchdog says it absolves their responsibilities.

Eight other candidates jumped in before filing deadline to challenge frontrunner Patty Kuderer

Challenger Natasha Marcus attacks incumbent Mike Causey's rate increase track record. Causey's campaign calls the critique a "distortion" and explains negotiation process.

Speaking at a June 26 public hearing on California's Sustainable Insurance Strategy, insurers pushed for accelerated wildfire model reviews and called the proposal unsustainable, while consumer advocates and others supported more transparency in its models.

Consumer Watchdog says California wildfire insurance coverage proposal lacks benefits for residents.

Insurance associations sue U.S. DOL and other legal news.

A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.

Consumer advocates engaged with insurance and climate change issues are asking NAIC, the association of state regulators, to share the data it will be collecting on property risk by mid-June.

Wolters Kluwer launched a Regulatory Violations Intelligence Index tracking penalties against U.S. financial services institutions.

The Biden Administration's title waiver pilot has started a broader discussion on whether the product is worth the money paid or even needed at all and can be replaced by an alternative.

ERISA attorney J.J. Conway is representing a plaintiff who was denied disability coverage by Hartford Life and Accident Insurance Company.

The Supreme Court will hear oral arguments in two cases seeking to overturn the legal principle known as "Chevron deference," that could usher in a new era of litigation by corporations against government agencies.