Reduction of “junk fees” charged by banks and financial companies is the aim of an initiative announced Wednesday by the consumer financial protection agency. The aim, according to Consumer Financial Protection Bureau (CFPB) Director Rohit […]
Two former officers of the now-defunct First National Bank (Edinburg, Texas) would be barred from any future work in federally insured financial institutions and required to pay a combined $500,000 – that’s $250,000 each – […]
Diversity – not in the context of race or culture, but in geography and professional experience – may be the hurdles that at least one senator insist be cleared before four Federal Reserve nominees get […]
Changes to the first-quarter call report for credit unions will be highlighted during a 90-minute webinar set for Feb. 10 by their federal regulator, the agency said Tuesday. The National Credit Union Administration (NCUA) said […]
Mark Pocock is the next deputy comptroller for supervisory systems and analytical support (SSAS) at the federal regulator of national banks, the agency said Tuesday. He will assume the new duties next month, the Office […]
A proposed pilot program to allow financial institutions to share suspicious activity reports (SARs) and related information with their foreign branches, subsidiaries, and affiliates to combat illicit finance risks is out for comment until March […]
Work to modernize the federal consumer financial protection agency’s digital services – including updates to its extranet and HMDA (Home Mortgage Disclosure Act) Help services previously slated for last year – is discussed in the […]
The Federal Deposit Insurance Corp. (FDIC) and Operation HOPE Inc. on Monday announced a collaboration arrangement on financial education that includes resource sharing to educate minority- and/or women-owned businesses on how to compete for business […]
Best practices for requesting examination information from banks, credit unions, and other federally supervised financial institutions, and a common authentication solution for secure access to the regulators’ supervision systems, were issued Friday by the umbrella […]
A final rule aimed at simplifying deposit insurance coverage for deposits held in connection with revocable and irrevocable trusts was approved Friday by the Federal Deposit Insurance Corp. (FDIC) Board, the agency announced. The rule, […]
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