Credit or consumer reporting and debt collection continue to be the most-complained-about consumer financial products or services reported by military servicemembers, according to a report released Thursday by the federal consumer financial protection agency. In […]
Legislation that would block a federal banking agency – including the federal regulator of credit unions – from ordering a bank or credit union to terminate, restrict or “discourage” a customer account or group of […]
The federal credit union regulator used its “CU Express” news service Thursday to tell the boards and CEOs of federally insured credit unions about recent changes in threshold amounts that determine mortgage reporting, escrow and […]
The federal consumer financial protection bureau recently announced that it had increased the maximum fee a consumer credit reporting agency may charge ($12.50, up from $12 last year), and the federal credit union regulator wants […]
A handful of final rules were announced in recent weeks by federal financial regulators to update thresholds for 2019 mortgage data collection, escrow requirements for high-cost mortgages, consumer loan and lease disclosures, and civil money […]
A broker allegedly offering high-interest credit to veterans has been permanently banned from (among other things) arranging agreements between veterans and third parties under which the veteran purports to sell a future right to an […]
With six director openings across three federal financial institution regulators – and with a seventh set to open late this summer – there’s much nomination and confirmation work ahead for the administration of President Donald […]
Rules and regulations in 35 areas are up for review in the New Year by the federal regulator of credit unions, part of the agency’s annual “regulatory review;” comments are due June 1. The National […]
The leader of the Federal Reserve Board would be referred to as “chair” (rather than “chairman”), and the 12 Federal Reserve banks would be required to interview at least one minority and one female candidate […]
A former employee of CFG Community Bank, a state member bank in Baltimore, Md., is barred by the Federal Reserve Board from future service in any federally insured financial institution and must pay a total […]
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