A bank organizing group developing an application for deposit insurance need not give a specific address of the proposed institution’s main office but should “reasonably describe” the anticipated physical location in its application and in […]
The “regulatory burden,” new accounting standards for expected credit losses, and issues related to “know before you owe” mortgage disclosures were the top 2018 complaints – or “constructive feedback” – received by the ombudsman for the federal […]
Counterfeit cashier’s checks using the Consumers National Bank’s (Minerva, Ohio) routing number of 041201143 – and maybe showing a remitter name of “Jim Kirk” – are being presented for payment nationwide in connection with a […]
“Financial stability” – with a focus on the body established in the wake of the financial crisis to coordinate regulatory efforts to ensure stability – will be the topic of testimony from a Federal Reserve […]
Faster payments and speeches from Federal Reserve Board governors highlight the week ahead – along with some credit union comments due for “second chances.” Federal Reserve Board Vice Chairmen Richard H. Clarida and Randal Quarles […]
A board appeal is the single agenda item slated for consideration by the National Credit Union Administration (NCUA) Board during a closed meeting Tuesday (Sept. 24) at 10 a.m. ET. NCUA says the meeting is […]
A 2010 enforcement action with Optimumbank Holdings, Inc., of Fort Lauderdale, Fla., was terminated Sept. 11 by the Federal Reserve Board, the Fed said in a release Thursday. The Fed said Optimumbank Holdings is a […]
Given its discretion to create rules for consumer protection in a new space outside of what Congress allows, the federal consumer financial protection agency should approach that responsibility “judiciously cognizant of unintended consequences,” the director […]
A notice of charges for an order of prohibition and four consent orders for prohibition were issued last month by the Office of the Comptroller of the Currency (OCC), according to a release Thursday by […]
Issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports will be under discussion at an “accuracy in consumer reporting” workshop set for the second week of December, sponsored […]
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