A new Office of Minority and Community Development Banking to support the agency’s ongoing engagement with minority depository institutions (MDIs), community development financial institutions (CDFIs), and other “mission-driven” banks was announced Tuesday by the chairman […]
Credit unions should advance diversity, equity, inclusion, and belonging by embracing those concepts across their institutions – members, employees, and other credit unions, the board chairman for the federal credit union regulator said Tuesday. In […]
The overall information security program at the Federal Deposit Insurance Corp. (FDIC) was deemed to be operating at a “maturity level” 4 (out of a possible 5) in an audit report released recently by the […]
Payment stablecoins and their arrangements should be subject to a federal framework on a consistent and comprehensive basis through an act of Congress – including by requiring that stablecoins may only be issued by federally […]
Guidance documents to help institutions understand their compliance requirements under federal rules implementing the Fair Debt Collection Practices Act (FDCPA), in particular, the rule’s validation requirements, have been updated by the Consumer Financial Protection Bureau, […]
The Federal Deposit Insurance Corp. (FDIC) Minority Depository Institutions (MDI) Subcommittee to the Advisory Committee on Community Banking will hold a virtual open meeting Tuesday, the agency said in an announcement Friday. The agenda for […]
Of the six enforcement orders made public by the federal insurer of banks deposits in September, one of them involved a $24,000 civil money penalty assessed over findings of violations of the Flood Disaster Protection […]
More time has been allowed – two weeks – for minority depository institutions (MDIs) to apply for mentoring grants, the federal credit union regulator said Friday. About $100,000 will be made available to low-income credit […]
Two actions against former credit union workers were taken by their federal regulator in October, the agency said Friday, one for a theft conviction and the other for a charge of causing the institution a […]
Lorelei Salas and Eric Halperin have been named to lead the supervision and enforcement operations of the Consumer Financial Protection Bureau (CFPB) and will serve as “effective watchdogs over the financial marketplace, especially when it comes […]
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