Auto lenders are singled out for unfair, deceptive, and abusive acts or practices (UDAAP) by the federal consumer financial protection agency in a report issued Wednesday. In releasing the latest version of its Supervisory Highlights, […]
A change in the operating fee schedule methodology that would exempt federal credit unions with assets of less than $2 million – up from $1 million – is out for comment until Sept. 5, according […]
Title: Federal Credit Union Bylaws Subject: Member expulsion Agency: NCUA Status: Final rule Summary: On March 15, 2022, Congress enacted the Credit Union Governance Modernization Act of 2022 (Governance Modernization Act). Under the statute, the […]
Title: Request for Comment Regarding National Credit Union Administration Operating Fee Schedule Methodology Subject: Operating fees Agency: NCUA Status: Notice and request for comment Summary: The NCUA Board (Board) is requesting comment on changes to […]
Regulatory capital rules are on the discussion agenda of the Federal Deposit Insurance Corp. (FDIC) Board meeting slated July 27, marking a step forward in banking regulators’ plans to issuing joint proposed rules for implementing […]
A $15 million civil money penalty (CMP) was assessed against a bank owned by one of the nation’s largest credit card companies, the regulator of national banks announced Tuesday. The fine, assessed in a consent […]
Regulators cannot tolerate corporate actors using opaque artificial intelligence (AI) fed by inaccurate information to deny or gouge tenants on rental housing, the director of the federal consumer financial protection agency said Tuesday. In remarks […]
No comprehensive regulatory authority exists over the spot market for crypto assets that are not securities, and there are gaps in the regulatory oversight of stablecoins, according to a report issued Monday by the congressional […]
The conduct of a failed Swiss bank has earned the financial institution that took it over in June a $268.5 million fine, the Federal Reserve said Monday, blaming unsafe and unsound counterparty credit risk management […]
Some banks are incorrectly omitting uninsured deposits that are collateralized by pledged assets from their call report estimates of uninsured deposits, the Federal Deposit Insurance Corp. (FDIC) said Monday. In a Financial Institution Letter (FIL), […]
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