Economic inclusion can be expanded when bank customers (or credit union members) open accounts to deposit their tax refunds by direct deposit, an outcome of involvement in the federal tax service’s volunteer tax assistance program, […]
More than $712 million in fines, restitution ordered, and other monetary recoveries were realized by the federal insurer of bank deposits between last fall and this spring, according to a report sent to Congress Tuesday. […]
Four banks received ratings of “outstanding” for their compliance with anti-redlining laws – while four others received ratings of “needs improvement” – according to the latest ratings results issued Tuesday by the federal insurer of […]
Coordinating with other regulators to address risks posed by blockchain technology, and requiring use of alternative data in underwriting loans made by financial technology (fintech) lenders are two outstanding “priority recommendations” to the Federal Reserve […]
Annual summary of deposits (SOD) surveys will be due July 31, the federal insurer of bank deposits said Friday – noting that, after that date, no extensions will be granted for submitting the data. The […]
Action against a Harrisburg, Pa., student lender was taken Friday for a second time in a month by the federal consumer financial protection agency, this time for illegally collecting on student loans that have been […]
Host state-to-loan-deposit ratios of 98% were recorded by both Arizona and New Jersey in the year ending June 30, 2023, the highest ratios of all the states and territories, the federal banking agencies said Friday. […]
Credit standards remain tight and high interest rates held down loan growth according to the latest Beige Book published Wednesday by the Federal Reserve. The report is based on information collected from the 12 Federal […]
Banks in areas of Iowa, Kentucky and West Virginia have been extended regulatory relief in the wake of severe storms in their states, the federal insurer of bank deposits said Thursday. The relief was extended […]
Non-fungible tokens (NFTs) are highly susceptible to use in fraud and scams and are subject to theft, according to a report issued Wednesday. The first-ever NFT illicit finance risk assessment issued by the Treasury Department […]
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