An Oakland, Calif.-based online lending firm faces a lawsuit – again – from the federal consumer financial protection agency for allegedly misrepresenting products and services and for failing to provide adverse-action notices to applicants, the […]
Credit unions saw their net income rise by more than 77% in the first half of 2021, from year-end 2020, expanding it to $21.3 billion over the six-month period, the federal regulator of credit unions […]
Allegedly misleading borrowers about income share agreements (ISAs) has led a Virginia-based student lender to face action from the federal consumer financial protection agency – but no financial penalties, the agency said Tuesday. According to […]
Mid-year banking performance statistics will be released Wednesday, the federal insurer of bank deposits said Tuesday. According to the Federal Deposit Insurance Corp. (FDIC), agency Board Chairman Jelena McWilliams will lead a virtual press briefing […]
More than 100 low-income credit unions were awarded grants totaling $1.5 million to expand their outreach to underserved communities and improve digital services and security, the federal credit union regulator said Sept. 1. The grants […]
Survey results of bank branch office deposits for all federally insured institutions as of mid-year 2021 are now available, the federal insurer of bank deposits said Friday. The summary, which provides deposit totals for each […]
Census data products – used in conjunction with determining compliance with Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) rules – have been updated to include 2021 federal census data, the umbrella group […]
Helping regulators and the public better understand the business lending market is the aim of a new rule unveiled last week by the federal consumer financial protection agency, according to its acting director. The proposed […]
Payment provisions in a 2017 rule on payday loans were upheld by a federal court in Texas Tuesday, essentially turning back a challenge to the four-year-old regulation. The ruling means compliance with the rule will […]
There is more time to comment on proposed guidance to help banking organizations manage third-party risk, with a new deadline of Oct. 18, the federal banking agencies said Tuesday. In separate releases, the agencies said […]
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