The most frequently cited violations of consumer protection laws and rules in 2021, as well as other consumer compliance examination observations, are outlined in the latest publication of supervisory highlights issued Thursday by the federal […]
More than 100 technical assistance grants, totaling $1.6 million, were awarded by the federal credit union regulator to small institutions in 2021 – but that covered only about one-third of the requests for assistance it […]
The current expected credit losses (CECL) accounting standard has been updated with expanded disclosures and improved accounting, particularly for troubled debt restructurings (TDRs) for those that have adopted the standard and gross writeoffs of vintage […]
Actions related to compliance with anti-redlining requirements and home mortgage lending reporting – updated guidance and a limited flat file — were taken Wednesday by the umbrella group for federal financial institution regulators. The Federal […]
A $1 million civil money penalty (CMP) has been assessed against a student loan servicer for allegedly deceiving borrowers about public student loan forgiveness, the federal consumer financial protection agency said Wednesday. The penalty against […]
Management of exposures to climate-related financial risks at large banks are the focus of draft principles to provide a high-level regulatory framework under a proposal issued Wednesday by the federal bank deposit insurance agency. Comments […]
Banks should pursue “pro-consumer” changes to their overdraft programs, the acting comptroller of the currency wrote in an article appearing Monday in a trade journal, reiterating a warning he issued to banks earlier this month. […]
Four confirmations of Federal Reserve Board members will be before the Senate as early as Tuesday, following successful parliamentary action to pry one of the nominees out of committee earlier in the day. The Senate […]
May 1 is the compliance date for a final rule establishing computer-security incident notification requirements for banks and bank service providers, the federal bank deposit insurance agency reminded in a letter Tuesday. In a financial […]
Late credit card payment fee penalties totaling $12 billion – that is, those fees charged in addition to interest when a cardholder does not make the minimum payment by the due date – were charged […]
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