Counterfeit cashier’s checks using the Consumers National Bank’s (Minerva, Ohio) routing number of 041201143 – and maybe showing a remitter name of “Jim Kirk” – are being presented for payment nationwide in connection with a […]
A board appeal is the single agenda item slated for consideration by the National Credit Union Administration (NCUA) Board during a closed meeting Tuesday (Sept. 24) at 10 a.m. ET. NCUA says the meeting is […]
A 2010 enforcement action with Optimumbank Holdings, Inc., of Fort Lauderdale, Fla., was terminated Sept. 11 by the Federal Reserve Board, the Fed said in a release Thursday. The Fed said Optimumbank Holdings is a […]
A notice of charges for an order of prohibition and four consent orders for prohibition were issued last month by the Office of the Comptroller of the Currency (OCC), according to a release Thursday by […]
The federal regulatory agency charged with insuring bank deposits has shifted its post-examination process for federally insured institutions to its ombudsman office, according to a Financial Institution Letter (FIL) issued Thursday. The survey was previously […]
Federally chartered credit unions will be permitted to provide their members “payday alternative loans” (PALs) of any amount up to $2,000, fully amortized over a term of one to 12 months, under a final rule […]
The Consumer Financial Protection Bureau (CFPB) director’s decision, conveyed to Congress recently, to no longer defend a provision in the Consumer Financial Protection Act limiting the president’s ability to remove the director ”does not mean […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, FDIC, FCA, and FHFA (each, an agency, and collectively, the agencies) are […]
The federal bank deposit insurer’s proposal Tuesday to ease collateral provisions of the interagency swap margin rule drew criticism and a warning from the chair of the House panel with jurisdiction over financial industry laws […]
The consumer complaint database maintained by the Consumer Financial Protection Bureau (CFPB) is slated for enhancements that will include modified disclaimers regarding the published data, more prominence for answers to common financial questions and information […]
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