An online lender was ordered to pay $15 million for deceiving customers, withdrawing funds without consent and violating an earlier order, the federal consumer financial protection agency said Wednesday. Enova International Inc. of Chicago was […]
Concerns about treatment for residential mortgage exposures, among other things, are arising in comments about proposed, new capital requirements for large banks, the chairman of the board for the bank deposit insurance agency said Tuesday. […]
The Federal Reserve Board’s proposed reduction in the maximum fees that debit card issuers could receive per debit card transaction has been given a public comment deadline of Feb. 12, according to a notice in […]
Revisions to conform the agency’s regulations with the Fair Hiring in Banking Act (FHBA), enacted last December, are out for public comment until Jan. 16, according to a notice in the Federal Register Tuesday. The […]
The federal bank deposit insurance agency’s Systemic Resolution Advisory Committee is slated to meet publicly Dec. 5 to discuss issues and developments related to the resolution of systemically important financial companies. The advisory committee, established […]
Title: Debit Card Interchange Fees and Routing Subject: Debit interchange Agency: Federal Reserve Status: Proposed rule Summary: Regulation II implements a provision of the Dodd-Frank Act that requires the Board to establish standards for assessing […]
Title: Fair Hiring in Banking Subject: ‘Second chance’ hiring Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation (FDIC) proposes to revise its regulations to conform with the Fair Hiring in Banking Act […]
Increases in capital requirements for large banks that may “overestimate the risk” of certain activities is some of the feedback the Federal Reserve has received, so far, to its proposal for the new rules, the […]
With the demise of the reference rate LIBOR completed at midyear, the committee that drove the adoption of its primary alternative – the Secured Overnight Financing Rate (SOFR) – is going out of business, having […]
Consumer credit transactions and consumer leases of $69,500 or less will fall under reporting requirements of Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) in 2024 under new thresholds announced Monday by two […]
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