Misrepresenting the cost of credit and tricking customers into high-cost loans on used cars are charges leveled against a Michigan auto lender by the New York Attorney General and the federal consumer financial protection agency […]
Public sections of resolution plans for 21 large financial institutions were released Wednesday by the federal deposit insurance agency, which said that was its way of fostering transparency of the plans. The Federal Deposit Insurance […]
A statement that highlights what they describe as “key risks for banking organizations associated with crypto-assets and the crypto-asset sector” and outlines approaches to supervision was issued jointly Tuesday by the three prudential federal banking […]
A former regulator of credit unions in Kentucky will lead the federal regulator’s efforts in developing agency policy for dealing with financial technology (fintech) firms, the federal agency said Tuesday. Charles Vice, formerly the commissioner […]
Of the 48 banks receiving their Community Reinvestment Act (CRA) evaluations ratings in October, three were considered “outstanding” and one was rated “needs to improve,” the Federal Deposit Insurance Corp. (FDIC) reported Tuesday. The remaining […]
Considerations for the nationwide consumer reporting companies to improve compliance with consumer financial protection laws and, ostensibly, to serve consumers better, is the asserted aim of annual report issued Tuesday by the federal consumer financial […]
Compliance examination updates for the complex bank supervision program, and edits to a pre-examination information packet removing references to the coronavirus crisis and legislation targeting the economic fallout from the crisis, were parts of changes […]
Eight members were recently appointed to the Federal Reserve Board’s Insurance Policy Advisory Committee (IPAC), which provides the board information, advice, and recommendations to the board on domestic and international insurance issues. The IPAC, which […]
Feb. 23 is the public comment deadline on a proposed rule to permit more flexibility for credit unions to use “advanced technologies and opportunities” in lending that is offered through financial technology (fintech) firms, according […]
Violations of real estate settlement procedures resulted in a $425,000 fine against an Oregon bank last month, according to enforcement actions issued Friday by the federal bank deposit insurance agency. The Federal Deposit Insurance Corp. […]
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