Five of the total 37 recommendations the congressional watchdog agency has made to financial regulators since enactment of the 2010 law responding to the financial crisis have yet to be implemented, according to a report […]
The removal of tax liens and civil judgments from consumers’ credit reports in recent years did not have a large impact on the relationship between credit scores and consumers’ credit performance, the Consumer Financial Protection […]
New violations and compliance management system weaknesses under the Fair Credit Reporting Act (FCRA) and Regulation V are outlined in the 20th issue of “supervisory highlights” published by the federal consumer financial protection agency Monday. […]
A new section on sweep account disclosures was added this month to the Consumer Compliance Examination Manual (CEM) published by the Federal Deposit Insurance Corp. (FDIC), the agency said in an email Tuesday. The new […]
State-by-state profiles on economic and banking conditions were released Monday by the Federal Deposit Insurance Corp. (FDIC), formatted as a quarterly data sheet summation of economic and banking conditions for all 50 states, Puerto Rico, […]
Operational risk, elevated among banks as they adapt to changing technology needed to counter cybersecurity threats, is among the hazards facing the banking industry, the regulator of national banks said Monday in its semiannual report […]
Paul A. Volcker believed “there was no higher calling than public service,” the current chair of the Federal Reserve said of his predecessor in the position, who died Sunday at age 92. Current Board Chair […]
Credit products – including credit cards and non-mortgage lending items such as student loans – were the most-commonly complained about products in inquiries received by the ombudsman’s office of the federal consumer financial protection agency, […]
Federally insured credit unions (FICUs) saw continued, albeit slowing, loan growth during the four quarters ending Sept. 30, with total loans growing 5.9% during the period, down from 9.5% for the same period ending 12 […]
Revising anti-redlining regulations will be on the agenda for the board of the federal insurer of bank deposits when it meets Thursday, along with a proposal on brokered deposits restrictions, the agency said Friday. The […]
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