Two companies engaged in contracts for deeds have settled charges that they misrepresented procedures to customers for filing complaints about how to resolve errors on consumer reports, the federal consumer financial protection agency said Tuesday. […]
Charges against a Massachusetts man for seeking more than $13 million in phony borrowings through the federal program that provides forgivable loans to business owners affected by the coronavirus crisis were announced Tuesday as the […]
The 2020 list of distressed or underserved nonmetropolitan middle-income geographies – which identifies areas where activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition – are now available, the […]
The application deadline for credit unions to seek minority depository institution (MDI) mentoring grants from the federal credit union regulator has been moved back a month to July 31, the agency announced Tuesday. The National […]
An interim final rule that gives the green light to mortgage servicers providing forbearance relief to home owners facing hardship due to the coronavirus (COVID-19) pandemic, and allowing this based on limited information collected from […]
The way in which the federal consumer financial protection agency determines which counties qualify as “underserved” for a given calendar year for purposes of mortgage origination are outlined in an interpretive rule issued Tuesday. The […]
Guidance intended to promote consistency and flexibility in the supervision and examination of financial institutions affected by the coronavirus crisis was issued Tuesday by federal banking and credit union regulators. The agencies noted, in releasing […]
The federal insurer of bank deposits is jumping on the bandwagon of easing assessments – in its case, for deposit insurance – on banks that participate in the loan program to help businesses weather the […]
The Federal Reserve is due two days from today to release stress-test results for 34 big banks – along with related comprehensive capital analysis and review (CCAR) results – based on a scenario developed in February, before […]
The chief regulator of national banks and federal savings associations on Monday noted that it doesn’t hold or transfer funds for others and that consumers should not respond to any email communications that suggest otherwise, […]
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