Consumer credit reporting companies’ changes to medical debt collection reporting, announced in March, will remove some but not all medical debt collections and will leave nearly half of consumers still seeing such collections on their […]
Increased interest from banks and other stakeholders in working with minority depository institutions (MDIs) has led the national bank regulator to update and streamline its policies, procedures and programs, the agency said in a statement […]
A fine of more than $22 million has been assessed against a Delaware mortgage company for alleged intentional discrimination against families living in mostly minority Philadelphia neighborhoods, the federal consumer financial protection agency said Wednesday. […]
A fine of $19 million has been ordered against a Korean auto manufacturer-owned finance company for “repeatedly providing inaccurate information to nationwide credit reporting companies” and failing to address the bad information once it was […]
Bank trust department policies and other areas are the subjects of an update to an examination risk management manual issued by the federal bank deposit insurer Tuesday. According to the Federal Deposit Insurance Corp. (FDIC), […]
Two chapters of an agency enforcement action manual that provides guidance to its staff on terminations of cease-and-desist (C&D) and consent orders have been updated by the Federal Deposit Insurance Corp. (FDIC), the agency announced […]
The impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services is the subject of research – and a call for papers – by the national […]
A proposal setting a roughly three-day limit on the time frame for federally insured credit unions (FICUs) to report certain cyber incidents to their federal regulator was issued for comment Thursday with a 60-day comment […]
A final rule raising from $10 billion to $15 billion the asset-size threshold for credit unions subject to agency central office oversight was approved Thursday by the board of the federal credit union regulator. This […]
The underperforming assets ratio and higher-risk assets ratio — both used to determine deposit insurance assessments for large and highly complex banks – would be amended to include the new term of “modifications to borrowers […]
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