A consent order citing deceptive acts or practices related to balance transfer credit cards offered through third parties by Mid America Bank & Trust Company in Dixon, Mo., was terminated Tuesday by the Federal Reserve […]
The $4.5 million-in-assets, 785-member C O Federal Credit Union of Charleston, S.C., has been placed in conservatorship because of unsafe and unsound practices, the National Credit Union Administration (NCUA) announced late Monday. The agency said […]
Eight of the 58 banks recently evaluated for compliance with the anti-redlining Community Reinvestmet Act (CRA) were deemed ‘outstanding,’ with the rest receiving ‘satisfactory’ ratings, according to data released by the Federal Deposit Insurance Corp. […]
The federal consumer financial protection agency on Tuesday reminded that mortgage lenders are due to file their mortgage loan/application registers (LARs) with federal regulators by March 1. The registers, containing Home Mortgage Disclosure Act (HMDA, […]
Expanding access to the payments system by non-bank providers, and eliminating overlapping examination subject areas by regulators, are among the recommendations – out of 100 total – from a taskforce on federal consumer financial law […]
Standards for determining the permissibility of a bank or federal savings association (FSA) acquiring and holding real estate used as its premises (FSA), and leasing excess space or capacity, would be defined and incorporated in […]
Stablecoins may be used to conduct payment activities and other bank-permissible functions by national banks and federal savings associations, their federal regulator said in a letter issued Monday. The letter, issued by the Office of […]
A penalty of $2.175 million must be paid by a Las Vegas, Nev., firm for violations of federal law regulating lending to members of the military, the Consumer Financial Protection Bureau (CFPB) said Dec. 30. […]
A “dual-feature credit card” and a program allowing employees access to their earned but unpaid wages prior to payday got the green light Dec. 30 for limited time under two “compliance assistance sandbox” (CAS) approval […]
John P. Conneely is now the director of the Federal Deposit Insurance Corp.’s (FDIC) division of complex institution supervision and resolution (CISR), replacing Ricardo R. (“Rick”) Delfin, who has run the department since its creation […]
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