An Arkansas bank operating a loan production office in Michigan has agreed to a $1.5 million civil money penalty (CMP), and nine former employees of the bank have stipulated to individual enforcement actions, the federal […]
A quarterly report on the federal insurance program for savings at credit unions is the only item appearing on the May meeting of the credit union regulator’s board, the agency said late Thursday. The National […]
The funding mechanism of the federal consumer financial protection agency is neither novel nor unusual, but an “essential part of the nation’s financial regulatory system,” the director of the agency said in a statement Thursday […]
The proposed acquisition of Discover Financial Services by a large, Virginia-based banking firm will be considered during a public hearing in about two months, the banks’ federal regulators said late Tuesday. The public comment period […]
Key vulnerabilities that may impair nonbank mortgage servicers’ ability to carry out critical functions, and could amplify shocks to the mortgage market leading borrowers to miss payments and cause losses to secondary market giants, are […]
Although delinquency rates for some commercial real estate (CRE) loans and some consumer loans have increased to above pre-pandemic levels, most banks are building capital and liquidity levels above regulatory requirements, according to a report […]
Credit card rewards are often devalued or denied even after program terms are met, consumers have told the federal consumer financial protection agency, it said in a report released Thursday. The Consumer Financial Protection Bureau […]
The capital adequacy and liquidity of the largest and most interconnected financial firms appear “well positioned” to absorb a shock to the financial system, the Federal Reserve Board’s chair of its financial stability committee said […]
A failure to provide a workplace safe from sexual harassment, discrimination, and other interpersonal misconduct went on “for far too many employees and for far too long,” according to a report issued Tuesday by a […]
Identifying and addressing blockchain risks needs to be addressed by two federal banking regulators, as recommended last year, according to a report issued Tuesday by the congressional watchdog. In separate reports on “open priority recommendations,” […]
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