A Chicago attorney who reportedly lied about the use of funds he obtained from the now-defunct Washington Federal Bank for Savings and falsely claimed a mortgage interest deduction related to the credit was sentenced Wednesday […]
Violations of rules implementing federal flood insurance laws has cost a Massachusetts bank a fine of $17,000, the Federal Reserve said in an enforcement action issued Thursday. In a release, the Fed said Easthampton Savings […]
“Permissible purposes” are required when credit reporting companies – and users of credit reports – share credit and background reports, the federal consumer financial protection agency clarified Thursday in an advisory opinion. According to the […]
No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]
Title: Federal Deposit Insurance Corporation Amended Restoration Plan Subject: Deposit Insurance Fund (DIF) Agency: FDIC Status: Amended restoration plan Summary: The Federal Deposit Insurance Act (FDI Act) requires that the FDIC’s Board of Directors (Board) […]
Title: Assessments, Revised Deposit Insurance Assessment Rates Subject: Assessment rates; deposit insurance Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would increase initial base deposit insurance assessment […]
Title: Debt Collection Practices (Regulation F); Pay-to-Pay Fees Subject: Convenience fees Agency: CFPB Status: Advisory opinion Summary: Section 808(1) of the Fair Debt Collection Practices Act (FDCPA or Act) prohibits debt collectors from collecting any […]
Ensuring that stablecoin arrangements are subject to a federal framework on a “consistent and comprehensive basis” is an “urgent need,” Secretary of the Treasury Janet Yellen told a group of regulators Thursday. During a meeting […]
Of the 47% of bankers responding to the federal bank deposit insurance agency’s post-exam survey, 90% reported “largely favorable” exam experiences, according to a report on 2021 services and activities. The report by the Federal […]
Four banks earned “outstanding” ratings for compliance with anti-redlining regulations in April, but one bank earned a “needs improvement” score, the federal bank deposit insurance agency said Friday. The Federal Deposit Insurance Corp. (FDIC) also […]
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