A Chicago attorney who reportedly lied about the use of funds he obtained from the now-defunct Washington Federal Bank for Savings and falsely claimed a mortgage interest deduction related to the credit was sentenced Wednesday […]
Title: Federal Deposit Insurance Corporation Amended Restoration Plan Subject: Deposit Insurance Fund (DIF) Agency: FDIC Status: Amended restoration plan Summary: The Federal Deposit Insurance Act (FDI Act) requires that the FDIC’s Board of Directors (Board) […]
Title: Assessments, Revised Deposit Insurance Assessment Rates Subject: Assessment rates; deposit insurance Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would increase initial base deposit insurance assessment […]
Title: Debt Collection Practices (Regulation F); Pay-to-Pay Fees Subject: Convenience fees Agency: CFPB Status: Advisory opinion Summary: Section 808(1) of the Fair Debt Collection Practices Act (FDCPA or Act) prohibits debt collectors from collecting any […]
Of the 47% of bankers responding to the federal bank deposit insurance agency’s post-exam survey, 90% reported “largely favorable” exam experiences, according to a report on 2021 services and activities. The report by the Federal […]
Qualified applicants who wish to serve on any of the four advisory panels for the Consumer Financial Protection Bureau (CFPB) have from July 5 to July 24 to submit completed application packets, the bureau said […]
Two former credit union employees – one of whom reportedly pleaded guilty to counts of bank fraud, tax evasion, and embezzlement – were barred from any future service in a federally insured financial institution in […]
Multiple common bond federal credit unions (FCUs) that want to add underserved areas to their fields of membership no longer need to list each area’s street boundaries but instead should list census tracts and the […]
In action triggered by the recent increase in the federal funds target rate, the Federal Reserve Board has also approved increases of 75 basis points (bp) in the short-term credit rates in effect at the […]
Title: Credit Card Late Fees and Late Payments Subject: Late fees Agency: CFPB Status: Advance notice of proposed rulemaking Summary: In order to support its rulemaking and other functions, the Consumer Financial Protection Bureau (Bureau […]
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