The federal consumer financial protection agency had more than 1,600 employees at the end of last year – up slightly from 2016 – according to details contained among three reports dealing with employment and inclusion […]
Calling the agency he oversees “too powerful with precious little oversight,” the acting director of the federal consumer financial protection agency on Monday recommended four changes to the law that created the agency, with the […]
A final rule increasing the appraisal threshold from $250,000 to $500,000 for commercial real estate (CRE) transactions – the first increase in nearly a quarter century – was released Monday by the federal banking regulators; […]
Complaints about credit or consumer reporting made up nearly one-third (31%) of the 320,000 grievances received 2017 by the federal consumer financial protection agency, the most of one category received, according to a report from […]
Following an action taken late last year by the federal credit union regulator, a new seal has been adopted by the federal consumer financial protection agency which reflects, the agency says, its mission and the […]
Three former credit union employees were prohibited in March from ever again working at a federally insured financial institution, the federal regulator of credit unions said Friday, for charges that ranged from making false entries […]
A busy February featured 15 orders issued by the federal deposit insurance agency, it said Friday – including five removals and prohibitions, one civil money penalty (CMP), one consent order, one restitution order (including a […]
Calculating and recording the distribution of nearly $736 million in equity from the federal insurance fund for credit unions is the aim of a new online resource offered by the insurance fund’s federal manager, the […]
Civil money penalties of $2 billion will be paid by a multi-national bank to resolve fraud claims over the sale of residential mortgage-backed securities (RMBS), the Department of Justice (DOJ) announced Thursday. In a release, […]
At least one state is responding to changes at the federal consumer financial protection agency by naming a new director to its own state-level agency designed to “protect consumers from financial fraudsters.” New Jersey Attorney […]
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