An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
A debt collection firm in Massachusetts would be required to pay $5.4 million in consumer redress and a $1 civil money penalty under a settlement proposed Monday by the Consumer Financial Protection Bureau (CFPB). The […]
A bulletin on a proposed rule to require banks that file tax returns are part of a consolidated tax filing group to enter into tax allocation agreements with their holding companies and other members of […]
While most Americans believed they were doing “OK” financially at the end of last year (about 75%), nearly one in four said they were worse off compared to a year earlier as a result of […]
Benjamin W. McDonough will take the post of senior deputy comptroller and chief counsel at the Office of the Comptroller of the Currency (OCC) June 7, the OCC announced Monday. The agency said McDonough, who […]
A rule to bolster the effectiveness of the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) has been extended for the third time by the nation’s central bank to permit certain bank directors and shareholders […]
Allegations of fraud at the failed Indianapolis Newspaper Federal Credit Union, conserved in January and closed March 31, are noted in a report that says the National Credit Union Administration (NCUA) Office of Inspector General […]
Steps the agency is ready to take to help banks and facilitate recovery in areas of Tennessee affected by severe storms, tornadoes, and flooding were outlined in a Federal Deposit Insurance Corp. (FDIC) Financial Institution […]
A final rule on investments in derivatives by credit unions, and two items that could have a significant impact on a savings insurance premium for credit unions, are all on the agenda for the board […]
Rules focused on security programs and crime reporting, records preservation, golden parachute and indemnification payments, and more are among those included in the federal credit union regulator’s scheduled 2021 review of one-third of its regulations, […]
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