Banks should provide access to services, capital, and credit based on the risk assessment of individual customers – including oil and other energy companies – rather than broad-based decisions affecting whole categories or classes of customers, […]
Misleading statements about what customers in an auto payment program would pay have earned the Florida company that ran the program and its owner a settlement with the consumer financial protection agency over charges of […]
Community banks that saw a surge of deposits during the coronavirus crisis – spurred in some cases by customers who received stimulus checks or funding through the Paycheck Protection Program – will receive some regulatory […]
Two owners of a now-dissolved Illinois firm that promised to provide student-loan relief and credit repair services were sued Friday by the federal consumer financial protection bureau, which charged them with violating federal consumer law […]
Work needs to accelerate early next year to move away from an obsolete reference rate used as a benchmark in some loans, a report issued Friday by an international group of financial regulators said, noting […]
Federally chartered credit unions may adopt or continue following a special bylaw authorized by their regulatory agency to facilitate remote annual membership, board, or special membership meetings in 2021, the agency said in a letter […]
The designated reserve ratio (DRR), or target reserve ratio, for the federal fund that insures deposits in banks in 2021 will remain where it’s been since 2010 – at 2%, the Federal Deposit Insurance Corp. […]
Although only about 2.3% of federally insured credit unions responded to its voluntary diversity self-assessment survey in 2019, the federal credit union regulator heralded Friday the fact that participation in the survey has grown 46% […]
The last time the federal credit union regulator disclosed the equity ratio of the insurance fund that protects credit union member deposits was in September, and that ratio – 1.22% – was 16 basis points […]
The federal banking and credit union regulators Thursday released a fact sheet meant to clarify Bank Secrecy Act due diligence requirements for credit unions and banks that offer services to charities and non-profits. The fact […]
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