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[ December 23, 2024 ] Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech CFPB
[ December 23, 2024 ] Scheme to illegally steer business to Rocket Mortgage draws CFPB suit CFPB
[ December 23, 2024 ] Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA OCC
[ December 23, 2024 ] OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks OCC
[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB

Report: Examiners achieved goals of ‘forward-looking supervision,’ but some tweaks necessary

August 9, 2018 0

Examiners substantially achieved the intended outcomes of a program designed to identify and assess risk before both affect a financial institution’s financial condition and to ensure early risk mitigation, according to a report issued Thursday […]

FDIC’s McWilliams cites reg burden, chartering, underserved as top priorities

August 7, 2018 0

Jelena McWilliams, the new chairman of the Federal Deposit Insurance Corp. (FDIC), holds reviewing small banks’ regulatory burden, improving the pace of her agency’s review of bank charter applications and helping banks bring new products […]

Bankers receive combined nearly 24 years in jail for institution failure, defrauding financial crisis fund

August 7, 2018 0

Three California bankers were sentenced Friday to a combined nearly 24 years in prison for their roles in the 2010 failure of a Sonoma bank, based on their convictions in federal court late last year. […]

Bank agency terminates 5 receiverships of banks in CA, MO, NV; issues notice of another to come

August 6, 2018 0

The federal bank deposit insurer terminated its receiverships of five banks Aug. 1, the agency says in a notice slated for publication in Tuesday’s Federal Register, stating that as receiver, it “has fulfilled its obligations and […]

FDIC Consumer News marks 25th anniversary with an expanded, special edition

August 6, 2018 0

The Federal Deposit Insurance Corp. (FDIC) is marking the 25th year of its quarterly publication, FDIC Consumer News, by issuing a special, expanded edition providing a collection of some of its more popular articles dating […]

First bank receives CRA rating of ‘substantial non-compliance’ in 2018

August 3, 2018 0

For the first time this year, a bank received a rating of “substantial non-compliance” for its fulfilment of requirements under federal community reinvestment rules, the federal bank deposit insurance agency reported Friday. The Federal Deposit […]

Reflecting OMB guidance, changes proposed to CMP language

August 2, 2018 0

Changes related to civil money penalties (CMPs) – including removing duplicative language from existing statutory language and codifying statutory language changes to conform with other agencies’ rules – are proposed by the Federal Deposit Insurance […]

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Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech

December 23, 2024 0

One of the nation’s largest retailers and a financial technology (fintech) firm were sued Monday for alleged illegal opening of accounts for delivery drivers and the two harvesting more than $10 million in “junk fees,” the federal consumer financial protection [...]
Scheme to illegally steer business to Rocket Mortgage draws CFPB suit

December 23, 2024 0

Rocket Homes and The Jason Mitchel Group were sued by the consumer financial protection agency Monday over allegations of illegal kickbacks for mortgage, title and escrow referrals in violation of the Real Estate Settlement Procedures Act (RESPA) and Regulation X, [...]
Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA

December 23, 2024 0

Violations and unsafe or unsound practices at one of the nation’s largest banks relating to anti-money laundering (AML) rules and sanctions compliance programs has prompted a cease-and-desist order by the regulator of national banks, made public Monday. The Office of [...]
OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks

December 23, 2024 0

Asset-size thresholds at small and intermediate-sized banks for defining compliance with anti-redlining rules in 2025 were announced Monday by the regulator of national banks. The Office of the Comptroller of the Currency (OCC) said that, starting Jan. 1, a bank [...]

Report: Examiners achieved goals of ‘forward-looking supervision,’ but some tweaks necessary

FDIC’s McWilliams cites reg burden, chartering, underserved as top priorities

Bankers receive combined nearly 24 years in jail for institution failure, defrauding financial crisis fund

Bank agency terminates 5 receiverships of banks in CA, MO, NV; issues notice of another to come

FDIC Consumer News marks 25th anniversary with an expanded, special edition

First bank receives CRA rating of ‘substantial non-compliance’ in 2018

Reflecting OMB guidance, changes proposed to CMP language

Agency to publish final ‘prohibitions’ policy statement

Treasury report nods to fintech charter, payday rule rescission, more

Bank research conference includes 36 sessions, keynote on ‘bailouts,’ remarks by McWilliams

Charging $10 million in illegal deposit junk fees charged to drivers, CFPB sues WalMart, fintech

Scheme to illegally steer business to Rocket Mortgage draws CFPB suit

Shortcomings in anti-money laundering program prompts cease-and-desist order for BofA

OCC publishes 2025 asset-size thresholds under CRA for small, intermediate banks