A final rule that outlines and confirms the use of supervisory guidance for regulated institutions – and specifying that supervisory guidance does not have the force and effect of law – was announced Wednesday by […]
Data from about 4,400 Home Mortgage Disclosure Act (HMDA) modified loan application register (LAR) filers for 2020 is available now via the Federal Financial Institutions Examination Council’s (FFIEC) HMDA platform. The 2020 published data contains […]
The tiny Indianapolis’ Newspaper Federal Credit Union in Indianapolis, Ind., conserved in January, on Wednesday became the first federally insured credit union closed in 2021, its federal regulator announced. The National Credit Union Administration (NCUA) […]
Seven policy statements issued from late March to early June 2020 that provided temporary flexibilities to financial institutions in the areas of consumer mortgages, credit reporting, credit cards, and prepaid cards are rescinded as of […]
Title: Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning Subject: FIs’ use of artificial intelligence Agency: CFPB, FDIC, Federal Reserve, NCUA, OCC Status: Request for information and comment […]
Two former Wyoming bank employees who were ordered in 2018 to pay a collective $2.2 million in damages to the bank were barred from future involvement in the affairs of any federally insured depository institution […]
Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]
A thirty-day extension of the comment period on a proposed rule to expand the list of permissible activities and services of credit union service organizations (CUSOs) was announced Friday by the National Credit Union Administration […]
The nine enforcement orders issued in February by the federal bank deposit insurer included one $7,500 civil money penalty assessment related to improper reimbursements and one prohibition of a former bank manager who falsified reports […]
The failure last October of the $69 million-in-assets Almena State Bank, Almena, Kan., estimated to have cost the federal bank deposit insurance fund $18 million, was chalked up to a risky growth strategy coupled with […]
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