Three of the nation’s largest banks brought in more than two of every five dollars charged in overdraft fees in 2019, while smaller financial institutions – which charged less on average – were also heavily […]
New debt collection rules adopted by the federal consumer financial protection agency went into effect Tuesday, the agency noted in a blog entry laying out five key points to know about the regulation. According to […]
A total of 308 banks across the United States are on the Federal Deposit Insurance Corp.’s (FDIC) Community Reinvestment Act (CRA) evaluation schedules for the first and second quarters of 2022, according to information released […]
Amounts above, or below, which certain federal disclosure, interest rate, fee, and other requirements and limitations apply for consumer leases, consumer credit, and higher-priced mortgage loans (HPMLs) are revised up nearly 5% for 2022 under […]
Two former workers were barred from ever working again in a credit union – or any federally insured financial institution – after both agreed to accept terms of orders issued by the federal credit union […]
Banks had mixed financial results in the third quarter, easily outdistancing performance from a year ago (when the coronavirus crisis was raging) but slipping from last quarter, according to call report data released Tuesday. The […]
A final rule that broadens the definition of a federal credit union (FCU) “service facility” in connection with the addition of groups to the institution’s field of membership is scheduled to take effect Dec. 27, […]
Analysis of central bank digital currencies (CBDCs), and their uses, will be aided by the just-opened New York Innovation Center, the chair of the Federal Reserve said Monday in opening the new facility. Federal Reserve […]
Seven members, six of them new, will begin three-year terms on the Federal Reserve’s Insurance Policy Advisory Committee (IPAC) beginning in 2022, the Fed said in a recent announcement. That committee of seven is sharply […]
A 50-cent increase in the maximum allowable fee that a nationwide consumer reporting agency or nationwide specialty consumer reporting agency can charge consumers for their credit reports will raise next year’s fee maximum to $13.50, […]
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