Fees paid by federal credit unions (FCUs) that partially fund the operations of their regulator will drop in 2023 by an average of 1.8%, the agency reminded the institutions in a letter Wednesday. The National […]
A request for information seeking public feedback on how the consumer credit market is functioning was announced Tuesday as part of the Consumer Financial Protection Bureau’s (CFPB) biennial review of the industry, with feedback due […]
Supervisory priorities for 2023 of the federal credit union regulator will be discussed during a Jan. 31 webinar hosted by the agency, it announced late Monday. In a release, the National Credit Union Administration (NCUA) […]
A fine of nearly $2.3 million has been levied against a New York bank for processing loans under a coronavirus pandemic recovery program despite signs that the applications contained “significant indications” of potential fraud, the […]
The national bank regulator on Monday issued a call for academic research papers on emerging risks in the banking system or related policy and supervisory issues, setting a March 3 deadline for submission. The Office […]
Federal regulators conserved a $28 million Texas credit union Friday, following findings of unsafe and unsound practices, the agency said. Valwood Park Federal Credit Union (FCU) of Carrollton, Texas, was placed under conservatorship by the […]
A former Michigan bank loan officer who reportedly earned more than $2.5 million in commissions through the origination of fraudulent loans is barred from any future work in a federally insured financial institution, the national […]
Recipients of programs meant to assist community development financial institutions (CDFI) in the face of the coronavirus crisis – including those considered “high risk” – mainly used the $9.5 billion they received to provide financial […]
The key supervisory priorities of the federal regulator of credit unions in 2023 will include interest-rate, liquidity, and credit risks – according to a letter issued Wednesday – along with fraud protection and detection, information […]
Subscription fees charged for services people don’t want are the target of new guidance issued Thursday by the federal consumer financial protection agency with an aim of “rooting out” the tactics by some companies, the […]
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