A Wisconsin man pleaded guilty to bank fraud this week for his role in fraudulently obtaining more than $600,000 in Paycheck Protection Program (PPP) loans guaranteed by the Small Business Administration (SBA) under the Coronavirus […]
Federal legislation to mitigate risks related to legacy contracts that use a soon-to-be discontinued reference rate is needed, a top Federal Reserve official will tell a congressional hearing Thursday, according to testimony released Wednesday. In […]
Two in five of new hires (42.1%) in 2020 were people of color, and gender diversity among senior executives achieved parity last year for the first time, the federal credit union regulator said Wednesday in […]
Modest to moderate increases in overall loan volumes were reported by bankers in most Federal Reserve districts from late February to early April, but high demand was seen in lending for single family homes, the […]
Four long-time examiners at the regulator of national banks – who hold a combined nearly 141 years of service at the agency – have been designated “senior national bank examiners,” the highest honor the agency […]
A California-based, online debt settlement company would pay $646,000 in redress to consumers and a $750,000 civil money penalty related to allegations the firm violated the Consumer Financial Protection Act and the Telemarketing Sales Rule […]
An Innovation Hours Program slated June 10 by the Financial Crimes Enforcement Network (FinCEN) will allow participating firms that are founded, owned, or managed by underserved groups to present their innovative products, services, and approaches designed […]
Title: Federal Reserve Bank Capital Stock Subject: Reserve Bank capital stock subscription adjustments Agency: Federal Reserve Status: Final rule Summary: The Board of Governors (Board) is publishing a final rule that amends Regulation I to […]
Support for technological innovation in banking is the aim of a partnership announced Monday by the federal insurer of bank deposits and the engineering school of a Durham, N.C., university. According to the Federal Deposit […]
Samuel Schumach was named Monday to the post of deputy director for external affairs and communications at the National Credit Union Administration (NCUA). Appointed to that post by agency board Chairman Todd Harper, Schumach previously […]
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