Zunera Mazhar is the new deputy director of the office of innovation at the federal insurer of bank deposits, where she will guide promotion of the adoption of innovative technologies at the agency and at […]
Umpqua Bank of Roseburg, Ore., was ordered last week to pay a $1.8 million civil money penalty by a banking agency that cited it for deceptive and/or unfair practices related to certain collection fees and […]
A former employee of Alaska Air Group Federal Credit Union (SeaTac, Wash.) is barred from any future involvement in federally insured depository institutions under an order announced Monday by the federal credit union regulatory agency. […]
The “appetite for risk” has increased broadly over the last year, largely because of “stretched valuations” of assets – which, together with high levels of corporate indebtedness bear watching because of the potential to amplify […]
Debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases, the Federal Reserve proposed Friday. The agency said its proposed […]
Michael J. Hsu will become acting Comptroller of the Currency May 10, the Treasury Department said Friday following a designation by Secretary Janet Yellen. The Treasury said current Acting Comptroller Blake Paulson – who has […]
The number of servicemember complaints to the federal consumer financial protection agency rose 14% in 2020 to a total of 40,800, with about 8% of those complaints including “coronavirus” or related keywords, the bureau said […]
Market indicators intended to undergird a term rate for an interest rate reference tool designed to replace a soon-to-be-discarded one was announced Thursday by a Federal Reserve group. In a release, the Alternative Reference Rate […]
Findings from a look at consumers’ use of payday, title, and pawn loans over periods in 2019 vs. 2020 and the factors that may contribute to such use are detailed in a “data point” report […]
The federal bank deposit insurer’s economic inclusion advisory panel is slated to meet virtually next Thursday beginning at 1 p.m. ET, the agency said in a release, with the meeting expected to last until 5 […]
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