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 […]
Flood insurance questions – and answers – will be the topics of discussion at a free July 27 interagency webinar conducted by the Federal Deposit Insurance Corp. (FDIC), the agency said Thursday. The 2022 interagency […]
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 […]
Approval for a so-called “earned wage access” program was rescinded Thursday by the federal consumer financial protection agency after the firm that developed the program requested the rescission to make changes to its fee model, […]
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 […]
Pre-examination planning and communications of exam findings are among the sections that have been updated in the consumer compliance examination manual (CEM) issued by the federal bank deposit insurance agency, the agency said Wednesday. According […]
Reducing so-called “junk fees” – specifically “pay to pay” charges by debt collectors – is the aim of an advisory opinion issued by the federal consumer financial protection agency, it said Wednesday. According to 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 […]
Data on host state loan-to-deposit ratios that banking regulators use to determine banks’ compliance with a federal prohibition on acquiring branches outside their home states primarily to acquire more deposits was published Tuesday by the […]
More than $1.7 billion is available for grants to credit unions and other financial institutions designated as community development financial institutions (CDFIs) to help communities recovering from the coronavirus pandemic if the institutions apply by […]
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