A $10 million penalty was ordered against Bank of America for processing illegal, out-of-state garnishment orders against its customers’ bank accounts, the federal consumer financial protection agency said. According to the Consumer Financial Protection Bureau […]
Banks’ small business lending practices and volumes are the subject of an online survey unveiled Tuesday by the federal insurer of bank deposits and the federal census agency, the two groups said in a release […]
Recommendations for the reporting and collection of climate-related financial data was published Friday by the group representing financial institution regulators from around the world. The Financial Stability Board (FSB) said the recommendations will be open […]
Confirmation of a new Federal Reserve Board member could be considered this week by the Senate if the nomination clears a procedural vote, according to the Senate’s schedule for the week. The nomination of Lisa […]
Wrongful car repossessions and breakdowns in credit report disputes are among the key findings in a report released Monday by the federal consumer financial protection agency on legal violations identified during supervisory examinations in the […]
Leadership was reappointed to the panel that represents state regulators on the umbrella group for federal financial institution regulators, along with another member, the group said Monday. The Federal Financial Institutions Examination Council (FFIEC) said […]
Two former credit union workers were prohibited in April from ever serving again at a credit union (or any other federally insured financial institution), and a third former employee received a notice of prohibition after […]
Wrongful fee-charging practices and deceptive telemarketing have earned a proposed prohibition order against a debt relief firm and its chief executive for tricking consumers into using debt relief services and collecting nearly $10.5 million in […]
A civil money penalty (CMP) of $425,000 was assessed against a Kentucky bank and made public last month for deceptively advertising interest rates and fees for home mortgage loans, the federal insurer of bank deposits […]
Implementation of the Basel III capital framework and assessments of the impact on bank safety and soundness of risks related to crypto assets and climate change are among the “core responsibilities” for the federal bank […]
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