The federal regulator of credit unions has issued a charter under its provisional charter pilot initiative for what is called the Fair Break Federal Credit Union in Memphis, Tenn., the agency said Thursday. Under the […]
The scam known as “pig butchering” has prompted consumer and bank alerts Thursday from the inspector general for the federal bank deposit insurance agency, which listed red flags for banks to watch for the scam’s […]
Establishing the process for recognizing data-sharing standards to comply with an upcoming “open banking” rule is the aim of final rule issued Wednesday, the federal consumer financial protection agency said. The Consumer Financial Protection Bureau […]
Federally insured credit unions (FICUs) grew their total assets by $96 billion to a total of $2.31 trillion in the first quarter of 2024 – an increase of 4.4% from a year ago, the federal […]
Scheduling time to discuss credit union financial technology with their federal regulator will be possible with “office hours” set up by the agency, it said Wednesday. The office hours will be Aug. 20-22 and Nov. […]
The panel of savings banks that advises the national bank regulator will meet June 24, the regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said the public meeting of its Mutual […]
Economic inclusion can be expanded when bank customers (or credit union members) open accounts to deposit their tax refunds by direct deposit, an outcome of involvement in the federal tax service’s volunteer tax assistance program, […]
More than $712 million in fines, restitution ordered, and other monetary recoveries were realized by the federal insurer of bank deposits between last fall and this spring, according to a report sent to Congress Tuesday. […]
Four banks received ratings of “outstanding” for their compliance with anti-redlining laws – while four others received ratings of “needs improvement” – according to the latest ratings results issued Tuesday by the federal insurer of […]
This story has been updated to include a link to a Federal Register notice of final rule, which has an effective date of Sept. 16. Implementation dates are phased in. Nonbank firms that are subject […]
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