A worker at a Virginia credit union was prohibited from further employment at a federally insured financial institution in the only enforcement action reported by the federal regulator in January, the agency said Wednesday. According […]
Rules for mergers involving national banks and federal savings associations that would remove expedited bank merger review procedures and aim to provide transparency around the features of merger applications and indicators “that are consistent with […]
A $600,000 civil money penalty (CMP) must be paid by a Mississippi bank for its violations of anti-money laundering (AML) laws, the Federal Deposit Insurance Corp. (FDIC) said Friday. The agency said the Bank of […]
No new loans will be made after March 11 by a Federal Reserve program that was established in the wake of two regional bank failures last year and was designed to assure the stability of […]
A guilty plea to a charge of conspiracy to sexual exploitation of children was entered Tuesday by an attorney for the federal bank deposit insurance agency, the agency’s inspector general said. According to the Federal […]
Prohibiting non-sufficient funds fees on transactions declined at the same time a user swipes, taps or clicks debit or ATM cards is the aim of a “proactive” new rule proposed Wednesday by the federal consumer […]
Will the coming year bring more credit union expansion into underserved areas? Maybe, if credit unions’ federal regulator succeeds in satisfying a particular performance indicator it set for itself for 2024. The National Credit Union […]
An in-person Consumer Research Symposium sponsored by the federal bank deposit insurance agency is set for March 15 in Arlington, Va., the agency said Tuesday. The Federal Deposit Insurance Corp. (FDIC) said its 12th annual symposium […]
This year’s supervisory priorities for the federal regulator of credit unions include credit risk, liquidity risk, consumer financial protection, information security, and interest-rate risk, and more, the agency said in a letter to credit unions […]
The public comment deadline on a Federal Reserve Board interchange fee proposal, which would lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction, has been extended […]
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