The credit union federal regulator wants to extend a requirement that federally insured credit unions (FICUs) seeking to buy assets or assume liabilities from a privately insured credit union (or other non-FICU financial institution) must, […]
Helping him avoid a “dead end” as a youth was access to financial services stimulated by the confidence of local bankers, and a loving family, the nominee to head the Treasury’s financial research arm said […]
An enforcement action initiated in 2015 for “deficiencies relating to compliance” with anti-money laundering requirements has been terminated (as of July 18) against East West Bank, of Pasadena, Calif., the Federal Reserve said Tuesday. The […]
One week after the “comments due” date had passed on the final of 12 requests for information (RFIs) from the federal consumer financial protection agency, the total of 88,564 letters received overwhelmingly focuses on three […]
A Minnesota banking company has agreed to pay $25 million in restitution to customers for “obscured” overdraft fees that they were charged, and has agreed to an injunction to prevent future violations, the federal consumer […]
Cease and desist orders against three branches of UBS AG bank in Connecticut, Florida and New York for anti-money laundering prevention deficiencies were among nearly two dozen enforcement actions in late May and June taken […]
Another markup of legislation will feature multiple bills — including those amending mortgage lending fee definitions, sharing with states of examination information, and protection of financial technology and digital currencies – has been scheduled for […]
A hearing on the nomination of a new director for the Treasury’s Office of Financial Research has been set by the Senate Banking Committee for Tuesday. Economist Dino Falaschetti was nominated by President Donald TrumpJune […]
A “small dollar lender” which operates under the name “Quik Pawn Shop” (among others) faces a judgment of $1.5 million for failing to properly disclose finance charges associated with its auto title loans – but […]
Implementation of the “secured overnight financing rate” (SOFR) – meant to supplant the London Interbank Offered Rate (LIBOR), and in existence only three months – is ahead of schedule, the Federal Reserve’s top supervisor said […]
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