A mortgage company licensed in California was hit with a $260,000 civil money penalty under a consent order Wednesday for allegedly deceptive loan advertisements targeting servicemembers and veterans, the consumer financial protection agency said. In […]
Rules that modify the community bank leverage ratio, ease automatic restrictions on dividend and other distributions and allow banks to mitigate the impact for two years of new accounting standards related to credit losses were […]
The owner and manager of a contracting and construction company in Brooklyn Park, Minn., has been charged with two counts of wire fraud and two counts of money laundering related to alleged fraud against the […]
The community banking representative on the Federal Reserve Board told a conference of Kansas bankers Wednesday that she plans to speak with each of the 650 community banks the Fed supervises and, later in her […]
Preparations by credit unions in the path of Hurricane Laura were urged by their federal regulator Wednesday as the storm intensified in the Gulf of Mexico. The National Credit Union Administration, in a release, noted […]
A series of public service announcements (PSAs) was launched Tuesday by the Consumer Financial Protection Bureau (CFPB) to reach consumers owed payments related to harm they experienced through a home-loan modification scam involving Siringoringo Law […]
A two-part review of rules implementing the 2009 law addressing credit card consumer protections, including whether any of those rules should be revised, rescinded or continued without change, is planned by the Consumer Financial Protection […]
Insured banks saw rapid deposit growth during the second quarter and a deep decline in net income, year over year, amid ongoing economic strains related to the coronavirus (COVID-19), the Federal Deposit Insurance Corp. (FDIC) […]
Wildfires ravaging or threatening communities in California and Colorado – and a strengthening hurricane approaching the Gulf Coast — have moved the regulator of national banks to allow financial institutions to close offices in those […]
Community development is on the agenda of a Sept. 15 webinar scheduled by the federal credit union regulator, with an eye to collaborating with local organizations, including the network of NeighborWorks America. The National Credit […]
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