Nearly half of all agency “reportable contracting dollars” in 2023 went to minority- or women-owned businesses, and nearly half of contract payments went to those vendors, according to a report to Congress published Thursday by […]
Remittance transfer providers that issue false advertising about the cost or speed of sending a remittance transfer can violate federal law, the federal consumer financial protection agency reminded in a circular issued Wednesday. The Consumer […]
Trading revenue was down by $2 billion in 2023, or 20.4%, from the year before at banks and savings associations, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) […]
Total assets dropped by $700 billion at the Federal Reserve Banks in 2023, according to annual audited financial statements issued by the Federal Reserve Tuesday, representing a decrease of 11.76% from the previous year. According […]
Mortgage loan data that approximately 5,089 financial institutions collected last year on their modified loan application registers (LARs) as required under Home Mortgage Disclosure Act (HMDA) regulations was released Tuesday by the Consumer Financial Protection […]
Increasing tech capacity – including by hiring more technologists – to help enforce laws and design remedies for consumers and others is the aim of a joint regulatory statement issued Tuesday. The Consumer Financial Protection […]
Regulatory relief for financial institutions serving areas of Maine and Rhode Island affected by severe storms and flooding was announced Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC), in separate […]
Using fairness as an “input” to help guide banks’ compliance risk management programs was advocated by the regulator of national banks in a speech Monday. Speaking to the Consumer Bankers Association in Washington, Acting Comptroller […]
Average loan-loss rates for 2021-2023 and the latest life-of-loan, or weighted average remaining maturity, factors are included in an updated “simplified CECL tool” announced Monday by the federal credit union regulatory agency in an “express” […]
The Office of the Comptroller of the Currency’s (OCC) Minority Depository Institutions Advisory Committee (MDIAC) is slated to meet publicly April 16, the agency announced Monday. The panel advises the OCC on steps the agency […]
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