Although the exact amount of restitution has not yet been finally determined, $20 million to provide restitution to harmed consumers has been placed in a segregated account, and fines of more than $1 million have […]
Acknowledging he will soon be leaving his agency post, Federal Deposit Insurance Corp. (FDIC) Vice Chairman Thomas M. Hoenig on Wednesday promoted the continuation of strong prudential standards for banks – including strong capital requirements […]
When Jelena McWilliams is confirmed by the Senate to be the next chair of the board for the federal deposit insurance agency – likely next month, after the Senate returns from its spring state work […]
The chief of staff and chief operating officer of the federal deposit insurance agency is retiring, likely in tandem with the completion of the tenure of the chairman of the organization’s board of directors. Barbara […]
A three-judge panel has been appointed to hear the argument April 12 from the deputy director of the federal financial consumer protection agency that she is the rightful acting director of the agency, rather than […]
Major compliance and operational risks for national banks and federal savings associations – including compliance risks associated with the Bank Secrecy Act (BSA) and the Community Reinvestment Act (CRA), and operational risks associated with systems […]
The growth of “fintech” – the offering of financial services through technology, such as the Internet – is driving a call for “improving the framework” of regulation mandating banks’ services to the communities that they […]
Two former employees of Regions Bank, Birmingham, Ala., would be barred permanently from working in the banking industry and pay a collective $28,404 in civil money penalties (CMPs) for inflating credit applicants’ incomes and, in […]
Directors, senior management team members and other key executives of national banks and federal savings associations are the focus of an early May workshop to be held in Los Angeles and hosted by their federal […]
Final rules following up on last week’s increase in interest rates by the Federal Reserve Board – increasing the rate for primary credit from Federal Reserve banks (Regulation A), and revising the interest rates paid […]
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