FDIC

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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

Agency OIG works in May with law enforcement to obtain conviction, funds forfeiture and conspiracy charge

May 30, 2018 0

Three recent partnerships between the federal insurer of bank deposits and federal law enforcement have resulted in a conviction, forfeiture of funds and charges of conspiracy to defraud a bank, the agency said Wednesday. In […]

Fed, FDIC boards to consider proposed changes to Volcker Rule

May 29, 2018 0

Proposed revisions to the “Volcker Rule” — which places limits on proprietary trading and hedge fund and private equity investments — will be considered by the federal banking regulators this week. The Federal Reserve Board is […]

Agency restores 11 to work at banks; one after 28-year break

May 25, 2018 0

Eleven approvals of “section 19” applications restoring an individual’s ability to work at a federally insured financial institution were among the 35 administrative enforcement actions the Federal Deposit Insurance Corp. (FDIC) issued in April, the […]

3 info collections being renewed by federal bank deposit insurer, out for comment

May 24, 2018 0

The Federal Deposit Insurance Corp. (FDIC) is planning to renew three information collections regarding insured institutions and is accepting public comments for 60 days. The information collections are titled “Interagency Supervisory Guidance for the Supervisory […]

FDIC ‘Money Smart’ for small biz town hall set for June 7

May 24, 2018 0

A ‘town hall’ webinar for bank and nonprofit staff who train or serve entrepreneurs is being held next month by the Federal Deposit Insurance Corp. (FDIC). Dubbed “Money Smart for Small Businesses,” the webinar will […]

UPDATED: Senate confirms McWilliams as next FDIC chair

May 24, 2018 0

The Senate, voting 69-24, on Thursday confirmed Jelena McWilliams to be chairman of the Federal Deposit Insurance Corp. (FDIC) Board. McWilliams’ nomination to a six-year term on the board was approved on voice vote. McWilliams […]

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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 [...]

Agency OIG works in May with law enforcement to obtain conviction, funds forfeiture and conspiracy charge

Fed, FDIC boards to consider proposed changes to Volcker Rule

Agency restores 11 to work at banks; one after 28-year break

3 info collections being renewed by federal bank deposit insurer, out for comment

FDIC ‘Money Smart’ for small biz town hall set for June 7

UPDATED: Senate confirms McWilliams as next FDIC chair

Bank net income up $56 billion in 1Q’18, FDIC reports; agency leader cites challenges ahead

Lowering leverage capital for large banks doesn’t seem ‘prudent,’ outgoing FDIC leader says

McWilliams’ nominations as chair, member of FDIC Board up for Senate consideration

FDIC issues guidance for helping IN, NC residents affected by tornado, storms

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