Some consumer reporting companies failed to ensure the accuracy of credit reports, including by failing to exclude information resulting from alleged identity theft or human trafficking, the federal consumer financial protection agency charged in a […]
Higher mortgage rates have led borrowers to pay “discount points” which have nearly doubled over the last two years, the federal consumer financial protection agency said Friday. The agency added that it is monitoring the […]
Overdraft fees charged by national banks, in aggregate, have dropped more than 40%, from $6.5 billion in 2021 to $4 billion in 2023, the agency’s leader said Thursday. Speaking at a conference of the National […]
Financial and privacy risks are growing through video gaming marketplaces in banking options and payments, the federal consumer financial protection agency said Thursday, warning that it will now be monitoring those spheres. In a report […]
Two banking holding company firms – one based in Wyoming, the other in Texas – face enforcement actions by the Federal Reserve for weak oversight and safety and soundness deficiencies of the banks they own, […]
Population shifts resulting from the coronavirus crisis starting in 2020 affected community bank deposits and loans, even as rural areas gained population and metropolitan areas saw the numbers of people there decline, the federal insurer […]
Ensuring that data brokers comply with the Fair Credit Reporting Act (FCCA) through sweeping requirements affecting data sales the stated goal of new rules to be proposed by the federal consumer financial protection agency, its […]
The Federal Reserve governor who criticized regulatory actions on climate change and new proposed bank capital rules found an additional target for scorn Tuesday: proposals on bank merger and acquisition (M&A) rules by two fellow […]
Violations of truth in lending and flood insurance regulations led the most frequently cited consumer compliance transgressions in 2023 for banks, according to a report issued Friday by the federal insurer of bank deposits. The […]
A Mississippi bank was ordered to pay an $80,500 civil money penalty (CMP) for alleged violations of flood insurance requirements, the federal bank deposit insurance agency said Friday. In making public enforcement actions taken in […]
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