A final rule increasing the appraisal threshold from $250,000 to $500,000 for commercial real estate (CRE) transactions – the first increase in nearly a quarter century – was released Monday by the federal banking regulators; […]
Complaints about credit or consumer reporting made up nearly one-third (31%) of the 320,000 grievances received 2017 by the federal consumer financial protection agency, the most of one category received, according to a report from […]
Following an action taken late last year by the federal credit union regulator, a new seal has been adopted by the federal consumer financial protection agency which reflects, the agency says, its mission and the […]
Three federal banking agencies – the Federal Reserve Board (Fed), the Federal Deposit Insurance Corp. (FDIC), and the Office of the Comptroller of the Currency (OCC) – have finalized bank call report changes as part […]
Three former credit union employees were prohibited in March from ever again working at a federally insured financial institution, the federal regulator of credit unions said Friday, for charges that ranged from making false entries […]
A busy February featured 15 orders issued by the federal deposit insurance agency, it said Friday – including five removals and prohibitions, one civil money penalty (CMP), one consent order, one restitution order (including a […]
The Federal Deposit Insurance Corp. (FDIC) is proposing changes to its stress-testing rules to conform to similar changes made previously by the Federal Reserve and the Office of the Comptroller of the Currency (OCC). The […]
Fraud and associated costs in the U.S. payments system, as well as causes and contributing factors to fraud, are the focus of a study the Federal Reserve is beginning this month with the goal of […]
Calculating and recording the distribution of nearly $736 million in equity from the federal insurance fund for credit unions is the aim of a new online resource offered by the insurance fund’s federal manager, the […]
Civil money penalties of $2 billion will be paid by a multi-national bank to resolve fraud claims over the sale of residential mortgage-backed securities (RMBS), the Department of Justice (DOJ) announced Thursday. In a release, […]
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