Eleven approvals of “section 19” applications restoring an individual’s ability to work at a federally insured financial institution were among the 35 administrative enforcement actions the Federal Deposit Insurance Corp. (FDIC) issued in April, the […]
Competition for quality loans is strong, as evidenced by eased underwriting – something that warrants “continued focus” on underwriting practices to keep an eye on credit risk and lender complacency, the regulator of national banks […]
The federal regulator of credit unions is proposing a second payday loan option – and perhaps even a third – that it hopes will lead to a “safe harbor” from the federal consumer financial protection […]
Federally insured credit unions will receive a $735.7 million “distribution” as early as July, the National Credit Union Administration (NCUA) Board was told Thursday, the result of a dividend from the federal insurance fund that […]
Several provisions for reforming the federal consumer financial protection bureau – and reflecting proposals made by the acting director of the agency this spring – are included in a financial services appropriations bill that is […]
A “streamlined” application process opens June 4 for low-income federally insured credit unions considering becoming community development financial institutions (CDFIs); the period closes on June 22, the federal credit union regulator said Wednesday. The National […]
More American adults were feeling better about their financial situations in 2017 – about three in every four – than in 2013, but significant differences remain across race, ethnicity and education groups, according to a […]
Banks increased net income by more than 27% – $56 billion – in the first quarter of the year compared to the same period last year, the Federal Deposit Insurance Corp. (FDIC) reported Tuesday, but […]
A proposal to lower the leverage capital for large, systemically important banks doesn’t seem like a “prudent step,” the outgoing chairman of the federal deposit insurance agency said Tuesday. In response to reporters’ questions following […]
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