Ensuring that data brokers comply with the Fair Credit Reporting Act (FCCA) through sweeping requirements affecting data sales the stated goal of new rules to be proposed by the federal consumer financial protection agency, its […]
More than $3.4 million is available for a round of grants that will begin taking applications from low-income-designated credit unions May 1, the federal credit union regulator said Wednesday. The Community Development Revolving Loan Fund […]
Two banks were rated “needs to improve” and three were rated “outstanding” this January for their performance under the Community Reinvestment Act (CRA), the Federal Deposit Insurance Corp. (FDIC) said Wednesday. The agency said it […]
The Federal Reserve governor who criticized regulatory actions on climate change and new proposed bank capital rules found an additional target for scorn Tuesday: proposals on bank merger and acquisition (M&A) rules by two fellow […]
E. Marshall Gentry has been appointed deputy to the board chairman and the chief financial officer (CFO) for the Federal Deposit Insurance Corp. (FDIC), the agency announced. In a release Monday, the FDIC said Gentry […]
Applications to membership on the panel that advises the Federal Reserve Board on issues affecting consumers and communities are being accepted until May 31, the Fed said Monday. The Consumer Advisory Council (CAC), it said, […]
Of the 19 banks whose Community Reinvestment Act (CRA) ratings became public in March, four received ratings of “outstanding” and two received ratings of “needs to improve,” the national bank regulator said Monday. The Office […]
Violations of truth in lending and flood insurance regulations led the most frequently cited consumer compliance transgressions in 2023 for banks, according to a report issued Friday by the federal insurer of bank deposits. The […]
A Mississippi bank was ordered to pay an $80,500 civil money penalty (CMP) for alleged violations of flood insurance requirements, the federal bank deposit insurance agency said Friday. In making public enforcement actions taken in […]
Three persons were prohibited by the federal credit union regulator in March from further service in a federally insured financial institution, the agency said Friday. According to the National Credit Union Administration (NCUA), the three […]
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