A two-and-a-half-day event focusing on diversity, equity and inclusion (DEI) will be hosted by the federal credit union regulator Nov. 2-4, the agency said Thursday. The National Credit Union Administration’s (NCUA) 2022 Diversity, Equity, Inclusion […]
A “Climate Data and Analytics Hub” pilot program, a new tool designed to help financial regulators assess potential risks to financial stability stemming from climate change, was announced Thursday by the Treasury Department’s financial research […]
A $37.5 million fine for allegedly illegally exploiting customers’ personal data to open sham accounts for unsuspecting customers was announced Thursday against the fifth-largest U.S. bank by the federal consumer financial protection agency. The Consumer […]
Comments on a proposal to include modifications to borrowers experiencing financial difficulty – formerly called troubled debt restructurings (TDRs) by the accounting industry – in the underperforming assets ratio and higher-risk assets ratio for purposes […]
Title: Assessments, Amendments To Incorporate Troubled Debt Restructuring Accounting Standards Update Subject: Deposit insurance Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation is adopting a final rule that incorporates updated accounting standards […]
The rise of interest rates has, as yet, had little impact on financial stability, especially as the banking system remains well capitalized, the chair of the Federal Reserve Board indicated Wednesday. Speaking to reporters after […]
Consumer credit reporting companies’ changes to medical debt collection reporting, announced in March, will remove some but not all medical debt collections and will leave nearly half of consumers still seeing such collections on their […]
Increased interest from banks and other stakeholders in working with minority depository institutions (MDIs) has led the national bank regulator to update and streamline its policies, procedures and programs, the agency said in a statement […]
A fine of more than $22 million has been assessed against a Delaware mortgage company for alleged intentional discrimination against families living in mostly minority Philadelphia neighborhoods, the federal consumer financial protection agency said Wednesday. […]
A fine of $19 million has been ordered against a Korean auto manufacturer-owned finance company for “repeatedly providing inaccurate information to nationwide credit reporting companies” and failing to address the bad information once it was […]
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