In action triggered by the recent increase in the federal funds target rate, the Federal Reserve Board has also approved increases of 75 basis points (bp) in the short-term credit rates in effect at the […]
Pre-examination planning and communications of exam findings are among the sections that have been updated in the consumer compliance examination manual (CEM) issued by the federal bank deposit insurance agency, the agency said Wednesday. According […]
Reducing so-called “junk fees” – specifically “pay to pay” charges by debt collectors – is the aim of an advisory opinion issued by the federal consumer financial protection agency, it said Wednesday. According to the […]
Title: Credit Card Late Fees and Late Payments Subject: Late fees Agency: CFPB Status: Advance notice of proposed rulemaking Summary: In order to support its rulemaking and other functions, the Consumer Financial Protection Bureau (Bureau […]
Data on host state loan-to-deposit ratios that banking regulators use to determine banks’ compliance with a federal prohibition on acquiring branches outside their home states primarily to acquire more deposits was published Tuesday by the […]
More than $1.7 billion is available for grants to credit unions and other financial institutions designated as community development financial institutions (CDFIs) to help communities recovering from the coronavirus pandemic if the institutions apply by […]
The implications for financial stability and asset prices – including that firms’ large cash holdings can lead to mismeasuring risk – are addressed in a working paper on cash-hedged stock returns, published Tuesday by the […]
Banks and other financial institutions should be “vigilant” against efforts by those attempting to evade export controls in connection with Russia’s further invasion of Ukraine, two federal agencies said in an alert issued Tuesday. In […]
States can protect residents through their own fair credit reporting laws by enacting laws that are stricter than the Fair Credit Reporting Act (FCRA), the federal consumer financial protection agency said Tuesday in issuing an […]
Thirty-five new and returning high school students from 11 Washington, D.C., high schools will be hosted this year through a high school scholar internship program, the regulator of national banks said Monday. The Office of […]
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