A Washington, D.C.-based consulting firm will “assist and advise” an anti-sexual harassment plan at the federal bank deposit insurance agency, the agency said late Wednesday. The Federal Deposit Insurance Corp. (FDIC) said Boston Consulting Group […]
Earnings of more than $71 billion in the second quarter of 2024 – an 11% increase from the previous quarter – were posted by the nation’s banks, the federal insurer of bank deposits reported Thursday. […]
A public meeting of the national bank regulator’s advisory committee on minority depository institutions (MDIs) is slated for Sept. 24 and will be hosted by the agency in person and virtually, the agency said Wednesday. […]
Awards of more than $3.5 million to 135 low-income designated credit unions were announced Wednesday by the federal credit union regulator. The National Credit Union Administration (NCUA) said the awards, in grants, ranged from $1,100 […]
Two of 54 banks received ratings of “needs improvement” recently for their compliance with anti-redlining rules, the federal insurer of bank deposits said Wednesday. The Federal Deposit Insurance Corp. (FDIC), however, also reported that the […]
More than 24 years in prison were given to a former Kansas bank CEO for his part in embezzling millions through a cryptocurrency scheme at his former institution, which eventually failed last year, the federal […]
Seven of the 17 bank examination results for compliance with anti-redlining rules in August showed banks with “outstanding” ratings, the national bank regulator said Tuesday. The remaining 10 banks received ratings of “satisfactory,” the Office […]
New Day Financial, also known as NewDay USA, was fined $2.25 million Thursday over deceptive activities targeting veterans seeking cash-out refinance loans, the federal agency charged with consumer financial protection said. The Consumer Financial Protection […]
Practices of remote check creation (RCC) and merchant credit card processing (MCC) have earned an Illinois bank enforcement actions for unsafe and unsound bank practices, according to actions for July reported by the federal bank […]
A former teller of Magnifi Financial Credit Union, Melrose, Minn., who pled guilty to one count of felony theft this March has been prohibited from any future work in a federally insured financial institution, the […]
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