Federal financial regulation – Page 23

What's up

[ January 10, 2025 ] Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration FDIC
[ January 10, 2025 ] Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover Federal financial regulation
[ January 9, 2025 ] Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval CFPB
[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB

Three small, community banks dropped federal deposit insurance in June

July 26, 2024 0

Three small community banks terminated their deposit insurance coverage in June, the federal insurer of bank deposits said Friday in a summary of enforcement decisions and orders. The banks – two in Georgia and one […]

UPDATED: Risks from third-party deposit arrangements focus of joint statement; information sought on fintech deals

July 25, 2024 0

This article has been updated to include a link to the Federal Register notice seeking information, and comment deadline. Banks were reminded of potential risks they face from third-party arrangements to deliver deposit products and […]

UPDATED: Banking agencies schedule virtual public outreach meeting to kick off decennial review of regulations

July 25, 2024 0

This article has been updated to include a link to a Federal Register notice on the EGRPRA review of rules. A virtual public outreach meeting to review federal banking regulation, with the aim of reducing […]

Banks may submit diversity self-assessments between now and Oct. 31, agency reminds

July 25, 2024 0

Diversity self-assessments by banks are due any time before Oct. 31, the federal bank deposit insurance agency said in a letter on Thursday. The Federal Deposit Insurance Corp. (FDIC) said financial institutions it supervises are […]

CFPB: Financial firms whose nondisclosure agreements intimidate potential whistleblower activity risk violating CFPA

July 24, 2024 0

The risk that financial firms’ nondisclosure agreements with employees might scare employees away from reporting violations of federal consumer financial protection law – with such intimidation being a violation itself – is discussed in a […]

More BOI FAQs published, focusing this time on entities disregarded for U.S. tax

July 24, 2024 0

New details under beneficial ownership information (BOI) for entities that are disregarded for U.S. tax purposes are included in updated frequently asked questions (FAQs) released Wednesday by the Treasury’s top financial crimes enforcement agency. The […]

Green Dot slapped with $44 million fine over deficient consumer compliance, BSA/AML programs

July 19, 2024 0

The banking firm Green Dot was hit with a $44 million civil money penalty Thursday over findings of “numerous” unfair and deceptive practices as well as deficient consumer compliance risk management and Bank Secrecy Act/anti-money […]

Agencies want to align money laundering, terrorism financing prevention at banks, credit unions with new FinCEN proposals

July 19, 2024 0

Updating the requirements for anti-money laundering/countering the financing of terrorism rule (AML/CFT) compliance at banks and credit unions to match those proposed by law enforcement were proposed by their respective regulators Friday in a joint […]

San Francisco-based Jiko Group, owner of Minnesota bank, given cease-and-desist order

July 19, 2024 0

“Significant deficiencies” in the financial condition of a San Francisco bank holding company, which owns a Minnesota bank, are cited in a cease-and-desist enforcement action taken by the Federal Reserve, announced Friday. According to the […]

Census flat file for 2024 released; ‘convenient method’ for analyzing data for HMDA, CRA reports

July 19, 2024 0

The 2024 U.S. Census flat file, used to create the Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) Aggregate and Disclosure reports, was released Friday by the umbrella group of federal financial institution […]

« 1 … 21 22 23 24 25 … 700 »

Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration

January 10, 2025 0

Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded approach” to innovation and technology, [...]
Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover

January 10, 2025 0

Requirements that apply to emerging payment mechanisms – such as those used in video gaming platforms — are the subject of a proposed interpretive rule issued Friday by the federal consumer financial protection agency. The proposal looks at such payment [...]
Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

January 9, 2025 0

A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by Financial Data Exchange (FDX) to [...]
Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]