A update to the filing instructions for small-business lending data was released Thursday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), the update includes: Reordering of certain demographic […]
A “concerning increase” in state and federal payroll tax evasion and workers’ compensation insurance fraud in residential and commercial real estate construction has led federal financial crime investigators to issue a notice to financial institutions, […]
Tracking and selling people’s personal data would be regulated under a proposal that would expand the scope to more companies of current credit reporting rules and to be unveiled next month, the federal consumer financial […]
Accounting for elimination of recognition and measurement of troubled debt restructurings by creditors, loan modifications, and credit losses – and more – are all covered by updates to the bank accounting series by the national […]
A long-term debt requirement for banks with $100 billion or more in assets will soon be proposed by federal banking regulators, the leader of the federal insurer of bank deposits said Monday. That proposal will […]
Credit, market, crypto-asset, operational and climate-related financial risks are top hazards facing banks in the year ahead, according to the 2023 version of the federal bank deposit insurance agency’s annual risk review released Monday. The […]
Three former board members of a failed Chicago bank have pleaded guilty to conspiring to falsify bank records to deceive federal regulators, according to the inspector general of the federal bank deposit insurance agency; the […]
Tricking banks into cashing out the mortgages of homeowners whose identities were apparently stolen – to the tune of $2.2 million – is the charge contained in a grand jury indictment handed down in California […]
State-based trade groups and the federal credit union regulator will team up for a webinar later this month to discuss “strategic partnering” between the two, the agency announced Wednesday. In a release, the National Credit […]
Novel activities at banks — including “complex, technology-driven partnerships with non-banks to deliver banking services to customers” –received some additional supervision information late Tuesday from the Federal Reserve. The “novel activities,” the agency added, also […]
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