Of 31 banks whose Community Reinvestment Act (CRA) evaluation ratings were made public in February, one of them received a rating of “needs to improve,” while six of the institutions were rated “outstanding,” according to […]
Digital comparison-shopping tool operators that give preference to financial products based on benefits to themselves are in violation of the Consumer Financial Protection Act (CFPA), the federal consumer financial protection agency said Thursday. The Consumer […]
The federal bank deposit insurer said it agrees with a congressional watchdog report recommending that it develop and implement a plan to evaluate its required sexual harassment prevention training to identify needed improvements, according to […]
Regulatory relief for financial institutions in areas of Washington affected by August’s wildfires was announced Monday in a Financial Institution Letter (FIL) from the Federal Deposit Insurance Corp. (FDIC). The letter follows the Feb. 15 […]
April 1 is the public comment deadline for a proposed rule that would limit overdraft fees charged by “very large” financial institutions, or those with $10 billion or more in assets, according to a notice […]
The consumer financial protection agency’s Credit Union Advisory Council (CUAC) is set to hold a public meeting March 8 from about 1-3:15 p.m. Eastern, according to the agency’s website and a notice in Friday’s Federal […]
Banks affected by severe storm and flooding in areas of California last month were encouraged by their federal deposit insurer Friday to work with borrowers as they strive to recover. “Banks that extend repayment terms, […]
A former employee of a bank in Southfield, Mich., was barred from future work in any federally insured financial institution and ordered to pay a $50,000 civil money penalty, according to a consent order released […]
A potential end period for the third-party review of sexual harassment claims within the Federal Deposit Insurance Corp. (FDIC), plus steps taken to ease the ability of individuals to report such activity, was announced in […]
Revisions to the agency’s written Minority and Depository Institution (MDI) Preservation Program policy were approved unanimously Thursday by the National Credit Union Administration (NCUA). The revised policy, among other things, reflects that administration of the […]
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