A former head teller of Texas Community Bank (Laredo, Texas) is prohibited from future work in any federally insured depository institution under a consent order announced Thursday by the Federal Reserve Board. The consent order, […]
The percentage of mortgages that were current and performing in the fourth quarter of 2020 declined 3.2% to 93.3% from a year earlier, the Office of the Comptroller of the Currency (OCC) reported Thursday based […]
An April 14 webinar on compliance with anti-money laundering laws and regulations affecting credit unions has been scheduled by their federal regulator, the agency said Thursday. The event, the National Credit Union Administration (NCUA) said, […]
A group developing an alternative interest rate reference tool “will not be in a position” to recommend a forward-looking rate by the middle of this year, the group said Tuesday, adding it also encourages market […]
The acting director of the Consumer Financial Protection Bureau (CFPB) on Tuesday stated the bureau’s continued belief that ability to repay is an important underwriting standard and held out the possibility of future rulemaking on […]
More than a half million complaints – up 54% from the previous year – were fielded in 2020 by the federal consumer financial protection agency, which reflects the financial impact of the coronavirus crisis, the […]
Reported trading revenue of U.S. commercial banks and savings associations totaled $6.3 billion in the fourth quarter of 2020, down $588 million, or 8.5%, from the previous quarter, the Office of the Comptroller of the […]
Credit unions were urged to protect their members’ stimulus payments – and by extension, the reputation of their industry – under the recently enacted, $1.9 trillion American Rescue Plan from collection, garnishment, and the right […]
Two new committees will focus on the impact of climate change on financial stability, a Federal Reserve Board governor said Tuesday, as the agency finds it “increasingly clear” that climate change could have “important implications” […]
The 12 Federal Reserve Banks earned some $88.6 billion in 2020, up $33.1 billion from 2019 and helped by a $27.1 billion decrease in expense for interest paid on depository institution reserve balances, the Federal […]
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