The number of credit unions with lower exam ratings increased in the third quarter, which federal supervisors attributed to the rising interest-rate environment, the federal credit union regulator said Thursday. A report presented to the […]
Oversight of more than 200 banks and federal savings associations with assets of $273 billion across 19 states in the northeast and east U.S. will be the responsibility a new deputy comptroller of the currency, […]
The “quiet trustworthiness” of banks in the face of the current “crypto drama” was extolled by the top regulator of national banks Thursday in remarks before a conference focusing on financial literacy issues. Acting Comptroller […]
With a Federal Register notice published Wednesday, the public comment deadline on a proposal to require the Federal Reserve Banks to periodically publish lists of the depository institutions that have access to master accounts and […]
There is need for more effective oversight of cryptocurrency markets to promote financial stability, according to the U.S. Treasury secretary, who issued a statement Wednesday in the wake of the recent failure of a major […]
Consumer reporting companies and data furnishers continued to violate the Fair Credit Reporting Act (FCRA) by failing to promptly address and update incorrect information on credit reports, according to a report issued Wednesday by the […]
Partnerships between financial technology firms (fintechs) and banks should be subject to enhanced supervision aimed at addressing risks to consumer protection and market integrity, according to a report released Wednesday by the Treasury Department. The […]
Erroneous information in tenant background checks is leading to higher costs and barriers to quality rental housing, the Consumer Financial Protection Bureau (CFPB) said in issuing a market report and a consumer “snapshot” focusing on […]
The federal agency that regulates credit unions on Tuesday closed two small West Virginia credit unions following about a five-week conservatorship for each. The National Credit Union Administration (NCUA) said it liquidated O.F. Toalston Federal […]
Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]
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