A final rule on fidelity bonds for credit unions and a proposed policy statement on treatment of prohibition actions for minor, past or youthful transgressions were approved by the credit union federal regulator Thursday. Meeting […]
More than one-in-four consumers with a credit report have at least one debt in collection by the nation’s 9,330 third-party debt collectors and buyers, according to a report issued this week by the federal consumer […]
Suspicion that an older adult is the target or victim of financial exploitation should be reported by financial institutions to local, state or federal authorities – including through use of a Suspicious Activity Report (SAR) […]
Lending was reported on the upswing – but with a level of intensity mostly described as “moderate” – among Federal Reserve Banks reporting economic activity in their districts in the latest Beige Book. In the […]
Federal financial institution regulators are likely to advise privately held banks, credit unions and others that they have one more year to comply with new “current expected credit loss” (CECL) accounting standards following a proposal […]
No action will be taken enforcing Volcker Rule restrictions for certain foreign funds by the federal banking agencies for an additional two years, the agencies said Wednesday. In a release, the Federal Deposit Insurance Corp. […]
In Tuesday’s meeting of the Federal Deposit Insurance Corp. (FDIC) Board, Chairman Jelena McWilliams and Board Member Martin Gruenberg – the only two appointed members of the board – stood on opposite sides of two […]
Expectations about reasonable procedures for assuring maximum possible accuracy, and reasonable investigations of consumer disputes, should be communicated to consumer reporting agencies (CRAs) by the federal consumer financial protection agency, the congressional watchdog said in […]
The two appointed members of the federal bank deposit insurer board split on approval of final and proposed rules at their meeting Tuesday, with one citing an erosion of safeguards adopted in the wake of […]
Two federal financial regulator boards hold meetings this week, and the chairman of the Federal Reserve Board talks about monetary policy 75 years after the global financial Bretton Woods agreement was reached. The Federal Deposit […]
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