Three nominees to the Federal Reserve Board – including a new vice chair – were approved by the Senate Banking Committee Wednesday for consideration of confirmation by the full Senate. The committee approved the nomination […]
Penalties and restitution totaling more than $160 million against Bank of America for assessments of allegedly illegal overdraft and insufficient funds fees were announced Tuesday by the regulator of national banks and the federal consumer […]
The failure of three, large regional banks in March and May were the products of those banks having insufficient capital, according to the Federal Reserve’s top supervisor, who outlined bank capital reform proposals in a […]
Credit cards and loans, often with high interest rates, allegedly pushed onto patients to pay for their health care costs are under scrutiny by three federal agencies, including the consumer financial protection group. The three […]
Payments to consumers from a $3.5 million settlement reached three years ago over the charging of illegal fees charged to ostensibly reduce or eliminate federal student loans are being sent as of Thursday, the federal […]
Banking firms in Texas and New York are facing enforcement actions by the Federal Reserve, the agency said Thursday. Herring Bancorp Inc. (HBI), of Amarillo, Texas, and Quontic Bank Acquisition Corp., of Astoria, N.Y., and […]
Growth last year in membership, assets, and loans for minority deposit institution (MDI) credit unions is being touted by their federal regulator in a report issued to Congress Wednesday. According to the National Credit Union […]
A final policy statement on commercial real estate loan accommodations and workouts, designed to reinforce and build on existing supervisory guidance, was released June 29 by federal banking and credit union regulators. The policy statement, […]
Eight banks earned ratings of “outstanding” for their compliance with rules implementing anti-redlining laws, two federal banking agencies said Monday. However, those agencies also reported three banks “need to improve” their compliance with rules implementing […]
Slightly more mortgages were performing among national banks in the first quarter of this year compared to the end of 2022, their federal regulator said June 27. According to the Office of the Comptroller of […]
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