A lawsuit filed in Wednesday by the Consumer Financial Protection Bureau (CFPB) alleges that Chicago-based BrightSpeed Solutions Inc. and its founder and former chief executive officer, Kevin Howard, knowingly processed payments for companies engaged in […]
Sixty-two banks were assigned ratings of “satisfactory” in December for their efforts under the Community Reinvestment Act (CRA), with another three rated “outstanding” and three more rated “needs to improve,” according to information released Thursday […]
Credit union assets grew 17.7% to a total of $1.84 trillion during 2020 – more than double the rate of growth the prior year – driven largely by a rapid rise in deposits amid the COVID-19 […]
The mandatory compliance date of the general qualified mortgage (QM) final rule would be delayed 15 months (from July 1, 2021, to Oct. 1, 2022) under a proposal issued Wednesday by the federal consumer financial […]
Watching closely to determine what additional support may be needed for smaller credit unions and minority depository institutions in the months to come as they face the continuing coronavirus crisis will be a priority for […]
A statement recognizing the 158th anniversary of the National Currency Act and the 156th anniversary of the Freedman’s Savings and Trust Company was issued to agency staff Wednesday by Acting Comptroller of the Currency Blake […]
Core principles of diversity, equity and inclusion (DEI) will be integrated into hiring, training, and career development under the latest strategic plan for the actions issued Wednesday by the federal insurer of bank deposits. According […]
The COVID-19 pandemic’s ongoing economic effects on business and consumers is continuing to keep the attention of credit unions’ federal regulator, which is monitoring credit unions in certain sectors and working to ensure its own […]
Saying he looks forward to approaching with an open mind the mission of the federal consumer financial protection agency he was nominated to lead, Rohit Chopra told a Senate panel Tuesday that fair and effective […]
Of the 13 banks whose Community Reinvestment Act (CRA) ratings became public in February, three were rated “outstanding” while one was deemed “needs to improve,” according to a release Tuesday by the Office of the […]
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