About an hour after announcing the second insured-bank failure of 2019, the federal insurer of bank deposits announced a third failure – that of Resolute Bank in Maumee, Ohio, which was closed Friday by the […]
A second bank has failed this year as the federal insurer of bank deposits said Friday it closed a Kentucky institution at a cost of $4.5 million. The Federal Deposit Insurance Corp. (FDIC) said it […]
An Oregon bank has agreed to pay a $275,000 civil money penalty (CMP) for placing telemarketing calls to consumers on the “Do-Not-Call” registry and using an automated dialing system to send pre-recorded or text messages […]
Four individuals were named to the Community Advisory Council (CAC) of the Federal Reserve Board Thursday for three-year terms that begin in 2020. The council is composed of a diverse group of experts and representatives […]
Four U.S. financial institution and capital markets regulators announced they have joined the Global Financial Innovation Network (GFIN), a global network of regulators and other organizations focused on financial innovation “in the interests of consumers.” […]
A “phase in” of a court’s ruling allowing expanded credit union membership eligibility got underway Thursday when the federal credit union regulator proposed new rules, despite the banking industry’s vow to continue to try and […]
Information collected, reported, and made public through credit applications made by women-owned, minority-owned and small businesses will be the subject of the federal consumer financial protection agency’s next symposium, set for Nov. 6. The Consumer […]
The basis for measuring the regulatory limit on non-member and “public unit” shares will change under a new rule approved by the federal credit union regulator board Thursday, essentially giving federally insured credit unions (FICUs) […]
Three “guidance” letters issued as long ago as 2011 are rules under the purposes of the Congressional Review Act (CRA) and thus are subject for consideration to be overturned by Congress, the congressional watchdog said […]
The timing remains unclear about when the White House will formally nominate a pair of candidates for empty seats on the Federal Reserve Board, the chairman of the Senate Banking Committee said Wednesday. As reported […]
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