Strategies mandated for big banks to adopt bankruptcy when needed are unlikely to work in the context of another widespread financial crisis – according to some experts – a report issued Monday from the congressional watchdog agency stated. […]
Renewal of the charter for a panel that advises the federal bank deposit insurer on economic inclusion “is in the public interest in connection with the performance of duties” of the agency, the agency says […]
A proposed rule change to adjust funds-availability amounts for inflation every five years, announced in November, is in Monday’s Federal Register with a comment period that ends Feb. 8. Announced jointly by the Federal Reserve Board […]
The Federal Deposit Insurance Corp. (FDIC) terminated five bank receiverships Dec. 1, the agency said in a Federal Register notice published Friday. The five terminated receiverships were for First National Bank of Keystone, Keystone, W.Va.; […]
Information contained in an affordable mortgage guide for community banks has been updated to give the latest information on mortgage products offered through federal agencies and government-sponsored enterprises (GSEs). The Federal Deposit Insurance Corp. (FDIC), […]
Providing financial education directly to the public, and expanding local delivery of financial information, are two goals of the federal consumer financial protection agency that are outlined in its report on financial literacy, made public […]
The federal consumer protection bureau imposed no civil money penalties against the $17 billion-asset State Farm Bank in a consent order filed to resolve previous violations of the Fair Credit Reporting Act (FCRA, Regulation V), […]
Banks are profitable and the economy is strong – but with cyclical pressures building, it might be a good time to ask large banking organizations to “fortify” their capital buffers, a member of the Federal […]
A federal court has been asked to impose monetary penalties – $268,869 in redress to consumers plus a civil money penalty (CMP) of $260,000 – against a Nevada-based nonbank mortgage company that reportedly misled veterans […]
Any redesign of rules implementing anti-redlining laws – which are necessary given changes in the financial service industry since the laws were enacted in 1977 – should encourage banks to seek opportunities in underserved and rural […]
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