Operational risk at the nation’s banks is elevated, and banks should be mindful of an “increasing trend in external fraud activity targeting consumers and the federal banking system,” according to a report issued Monday by […]
A range of alleged unlawful activities identified across student loan markets – including in refinancing, servicing and debt collection – and involving both federal and private loans is outlined in report issued Monday by the […]
Data on small business, small farm, and community development lending during 2023 was made public Monday by the three federal banking agencies, showing a decrease in lending activity driven by higher interest rates and tighter […]
A “significant drop” last year in annual mortgage applications and originations– especially among refinancings – was prompted by higher mortgage interest rates, according to a report issued Friday by the federal consumer financial protection agency. […]
The first deadline for “participant covered nonbanks” in a new registry is Jan. 14, the federal consumer financial protection agency said in a “reminder” sent Friday. The Consumer Financial Protection Bureau (CFPB) said its new […]
A final rule on overdraft lending programs for large banks and credit unions was finalized Thursday that, the federal consumer financial protection agency said, gave the financial institutions “several options to manage their overdraft lending […]
Net income was down 8.6% at the nation’s banks in the third quarter, but that decrease came mostly from one-time gains on equity security transactions reported in the previous quarter, according to the federal insurer […]
Trading revenue was up 1.6% – or $263 million – in the third quarter for banks and savings associations, the national bank regulator said Thursday, and up 25% from the same period one year ago. […]
Raising the threshold of $10,000 for reporting large cash transactions – or expanding criteria to allow for further exemption from reporting – is among recommendations made in a report by the congressional watchdog, issued Wednesday. […]
Comments from the public on certain federal banking rules and regulations that are under review now, with regulators focusing on whether they are outdated or unnecessary, are due to regulators by March 11, according to […]
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