Up to $120 million in consumer redress plus a $55 million civil money penalty (CMP) must be paid by Block, the owner of peer-to-peer payments app Cash App, under a consent order announced Thursday by […]
Credit unions are not offsetting income from overdraft (OD) and non-sufficient funds (NSF) fees through reduced fees for other services or lower interest rates, according to a “research note” issued Thursday by the institutions’ federal […]
A 2025 performance plan was adopted by the federal credit union regulator’s board Thursday, outlining specific methods and targets about how the agency will measure its performance. The agency board adopted the plan unanimously at […]
Modest growth in lending was reported across Federal Reserve districts in late November and December, tracking what most districts called “moderate” or “modest” economic growth, according to the latest Beige Book released Wednesday by the […]
Millions of consumers were allegedly cheated out of more than $2 billion in interest by one of the largest banks in the nation, according to a lawsuit made public Tuesday by the federal consumer financial […]
The national bank regulator on Tuesday ordered three former Wells Fargo, N.A., executives to pay a combined $18.5 million in civil money penalties (CMPs) for sales practices misconduct, concluding action initiated in 2020 against 11 […]
Companies would be banned from using certain contract clauses that allegedly include waivers of substantial legal rights and fine print that suppresses speech under a proposed rule issued Monday by the federal consumer financial protection […]
Homeowners facing flooding from rivers and creeks – numbering in the hundreds of thousands in the Southeast and central Southwest of the country — are more likely to be underinsured than sea coastal residents, according […]
A new cyber incident reporting webform is available to credit unions, their federal regulator said Monday, along with an updated quick reference guide. The National Credit Union Administration (NCUA) said the webform is a “convenient […]
The federal regulator of credit unions placed $10 million-in-assets Butler Heritage Federal Credit Union (FCU), Middletown, Ohio, into conservatorship Friday, the agency said in a release. The National Credit Union Administration (NCUA) said it took […]
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