A total of 605 federally supervised banks and savings institutions are slated for evaluation under the anti-redlining Community Reinvestment Act (CRA) by the Federal Deposit Insurance Corp. (FDIC) and Office of the Comptroller of the […]
Obtaining or attempting to obtain almost $2 million by fraud, including by stealing checks from the mail of churches and religious institutions, earned a Maryland man a conviction by a federal jury late last week, […]
Review of a “sandbox application” about consumer disclosures of a loan that finances both a construction phase and the permanent purchase of a home is in the final stages by the federal consumer financial protection […]
Two former credit union employees who allegedly, respectively, carried out ATM fraud and misappropriated members’ and credit union funds at their institutions are no longer permitted to work in any federally insured financial institution as […]
Net income for the nation’s banks declined in 2022 from the previous year but was still higher than the average posted by the institutions before the coronavirus crisis emerged in 2020, the federal bank deposit […]
Credit unions are facing increasing risks from rising interest rates, shallow liquidity, and threats to cybersecurity, the board chairman of their federal regulator said Monday as he outlined agency responses to assist the financial institutions […]
A mortgage loan business that was ordered in 2015 to stop deceptive advertising to military families was permanently banned from the business Monday and ordered to pay a $1 million civil money penalty (CMP) by […]
Calling attention to the growing use of check fraud schemes across the country, the Treasury’s top financial crimes unit Saturday issued an alert to all financial institutions warning them to be on the lookout for […]
Nine large auto lenders were issued orders Thursday to provide information about their auto lending portfolios as part of a pilot program for collecting auto lending data, the Consumer Financial Protection Bureau (CFPB) said. Announcing […]
Four new representatives of community groups and state government have joined the Federal Reserve’s council for advising the agency board on concerns of low- and moderate-income populations, the central bank said Friday. Joining the Fed’s […]
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