Eleven meetings of the federal credit union regulator’s board is set for 2023 – similar to past, recent years – with monthly meetings set for all months but August, the agency said Wednesday. The National […]
Banks charging so-called “surprise” overdraft and depositor fees can avoid violations of rules by following guidance issued by the federal consumer financial protection agency, it said Wednesday. The Consumer Financial Protection Bureau (CFPB) said it […]
An assessment of an unanticipated overdraft fee can constitute an unfair act or practice even if the bank or other entity charging the fee complies with key financial regulations, according to a circular published Wednesday […]
Bank mergers will be the topic of a symposium sponsored Feb. 10 by the national bank regulator to gather public input over regulatory analysis of bank mergers and competition, financial stability, convenience and needs, the […]
Citing a commitment to military families, the Office of the Comptroller of the Currency (OCC) said Tuesday that it joined the Military Spouse Employment Partnership (MSEP), a Department of Defense program that connects military spouses […]
The process for creating a new rule obligating financial institutions to share a consumer’s data upon a consumer’s request will begin this week, which the director of the federal consumer financial protection agency indicated in […]
The federal bank deposit insurer is extending some regulatory relief to financial institutions to facilitate recovery in areas of Illinois affected by severe storms and flooding, the agency said Tuesday. The Federal Deposit Insurance Corp. […]
The national rate of households that lacked a bank or credit union account fell 0.9 percentage points to 4.5%, or 5.9 million households, from 2019 to 2021 – the lowest unbanked rate since the 2009 […]
Grounding research in a common definition and concept of “procyclicality” – critical interlinkages between the banking industry and the economy that exacerbated economic conditions and threatened financial stability during the 2007-09 economic crisis – is […]
A proposal that, among other things, would add the federal bank deposit insurer’s ombudsman to the agency’s Supervisory Appeals Review Committee (SARC) as a nonvoting member is out for public comment until Nov. 21, according […]
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