Two enforcement actions citing fraudulent loan applications by institution-affiliated employees to the federal Paycheck Protection Program created amid the Covid 19 pandemic are among the six December enforcement actions announced Thursday by the national bank […]
New asset-size thresholds for anti-redlining regulation compliance for small bank and intermediate small bank were announced Thursday by the Federal Reserve and Federal Deposit Insurance Corp. (FDIC). In releases, the two agencies said the 2.91% […]
A “range of deficiencies” by USAA Federal Savings Bank (FSB) of San Antonio, Texas, are outlined in a “comprehensive” cease and desist order issued by the national bank regulator Wednesday, which also limits the bank’s […]
Some credit card companies operating rewards programs may be breaking the law, including by illegally devaluing rewards points and airline miles, the federal consumer financial protection agency warned Wednesday. The Consumer Financial Protection Bureau (CFPB), […]
A revised final rule that requires federally insured credit union (FICU) boards of directors to establish succession planning processes for key positions was approved Tuesday by the board of the federal credit union regulator, which […]
A budget of just more than $3 billion– 2.2% higher than the previous year – was approved for 2025 Tuesday by the board of the federal insurer of bank deposits, meeting in open session in […]
The 2025-2026 operating budgets – combined totals of $395.4 million and $419.5 million, respectively – of the National Credit Union Administration (NCUA) were approved Tuesday by the agency board on a unanimous vote of 3-0. […]
Lenders would be banned from “setting borrowers up to fail” for loans on clean energy – such as those for solar panels — and disaster readiness loans paid back through property tax bills under a […]
Seriously delinquent mortgages increased in the third quarter, the regulator of national banks said in a report Tuesday, although the number of performing current loans were up slightly. According to the Office of the Comptroller […]
Operational risk at the nation’s banks is elevated, and banks should be mindful of an “increasing trend in external fraud activity targeting consumers and the federal banking system,” according to a report issued Monday by […]
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