This has been updated to include a link to the March 22 Federal Register notice soliciting advisory council membership applications. Changes affecting the membership and meetings frequency of the Consumer Financial Protection Bureau’s (CFPB) research […]
Interchange fees across all debit and general-use prepaid cards (exempt and covered) totaled $20.73 billion in 2017, an increase of 5.9% since 2016, the Federal Reserve said Thursday. In its report, 2017 Interchange Fee Revenue, Covered […]
A December 2018 cease-and-desist order regarding Bank Secrecy Act/anti-money laundering deficiencies of Commercial State Bank, Andrews, Texas, has been terminated, the Federal Reserve Board announced Thursday. The consent order, also signed by Texas’ state banking […]
Updates on efforts regarding de novo institutions, community bank technical assistance efforts and more will be delivered next Thursday during a public meeting of the Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking, […]
The asset cap imposed on Wells Fargo Bank will remain in place, the chairman of the Federal Reserve Board said Wednesday, until the bank satisfies the Fed it has taken action to correct the environment […]
A notice of proposed rulemaking related to debt collection is planned for issuance in the spring of this year, the director of the Consumer Financial Protection Bureau (CFPB) stated in her message for the agency’s […]
The regulator of the 11 Federal Home Loan Banks (FHLBs) – in an effort to improve diversity on the banks’ boards – should conduct a review on each bank’s processes for collecting gender and race/ethnicity […]
The future of and alternatives to the London Inter-bank Offered Rate (LIBOR) is examined in an article published in the Federal Deposit Insurance Corp.’s (FDIC) Winter 2018 issue of Supervisory Insights, released Wednesday. LIBOR is […]
National banks, federal savings associations (FSAs), and federal branches and agencies of foreign banks that are affected by the severe flooding in the Central Plains and Midwest are authorized to close under a proclamation issued […]
Complaints related to financial services were up 12% in 2018 among members of the U.S. armed services, veterans and their families, according to the latest “complaint snapshot” published Tuesday by the federal consumer financial protection […]
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