Frequently asked questions (FAQs) regarding last year’s regulatory relief law amendments to the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) that allow temporary authority for eligible loan originators awaiting licensing […]
Five individuals have been named to executive-level posts in divisions responsible for supervision, research, consumer education, and more at the Consumer Financial Protection Bureau (CFPB), the bureau announced Wednesday. The bureau provided the following: Karla […]
Excesses in corporate debt markets – which have seen “sizable growth” – could amplify adverse shocks and contribute to job losses, a member of the Federal Reserve Board told a House subcommittee Wednesday. She also […]
The panel that advises the federal bank deposit insurer on matters related to community banking is slated to hold an open meeting Oct. 10 at agency headquarters in Washington. The Federal Deposit Insurance Corp. (FDIC) […]
Factors that determine whether funds on a consumer’s prepaid card are federally insured are detailed in a newsletter issued Tuesday by the Federal Deposit Insurance Corp. (FDIC). The September issue of the newsletter, FDIC Consumer News, […]
Five years in federal prison for a theft of more than $1 million from an elderly couple by a former Texas bank employee – plus forfeiture and restitution of more than $2.6 million – is […]
Supervisory appeals and dispute resolutions are the subjects of eight “listening sessions” for bankers and others to provide their recommendations about those processes in a series that begins early next month and runs through the […]
A bank organizing group developing an application for deposit insurance need not give a specific address of the proposed institution’s main office but should “reasonably describe” the anticipated physical location in its application and in […]
The “regulatory burden,” new accounting standards for expected credit losses, and issues related to “know before you owe” mortgage disclosures were the top 2018 complaints – or “constructive feedback” – received by the ombudsman for the federal […]
Counterfeit cashier’s checks using the Consumers National Bank’s (Minerva, Ohio) routing number of 041201143 – and maybe showing a remitter name of “Jim Kirk” – are being presented for payment nationwide in connection with a […]
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