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 […]
Trading revenue was up nearly 20% at banks and savings associations at the end of 2021 from the previous year, the regulator of national banks and savings associations said Friday. The Office of the Comptroller […]
There’s more time to comment on a proposal to implement a framework for the supervision of certain insurance organizations overseen by the Federal Reserve, the agency said Friday. Comments will now be taken until May […]
Issuing his own statement on the release of an action plan to promote property appraisal equity, the acting board chairman of the federal bank deposit insurer called the plan “an important step towards addressing barriers […]
A request for information (RFI) on the Bank Merger Act – which covers policy on bank merger transactions, including those between an insured depository institution and a noninsured institution – was issued Friday by the […]
A Federal Reserve-developed alternative to a now-defunct interest rate reference vehicle has made considerable progress as a replacement rate, the group that developed the rate said Thursday. In a report on its latest meeting Wednesday […]
Enhancing supervisory methods for identifying discrimination in property valuations, and taking steps to ensure that consumers know their rights regarding appraisals, are among the actions the regulator of national banks plans to take in coming […]
The sharp and ongoing recent increase in home prices poses less risk to financial stability than similar increases in the mid-2000s, a Federal Reserve Board governor indicated Thursday. In a speech to a conference titled […]
Mortgage loan information, modified to protect consumer privacy, is now available online for more than 4,300 financial institutions that file under Home Mortgage Disclosure Act (HMDA) requirements, the federal consumer financial protection agency said Thursday. […]
Social engineering and phishing attacks are among the cyberattacks that credit unions should be wary of, particularly as the war in Ukraine continues, the institutions’ federal regulator said Thursday. In a risk alert, the National […]
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