The number of servicemember complaints to the federal consumer financial protection agency rose 14% in 2020 to a total of 40,800, with about 8% of those complaints including “coronavirus” or related keywords, the bureau said […]
Market indicators intended to undergird a term rate for an interest rate reference tool designed to replace a soon-to-be-discarded one was announced Thursday by a Federal Reserve group. In a release, the Alternative Reference Rate […]
Findings from a look at consumers’ use of payday, title, and pawn loans over periods in 2019 vs. 2020 and the factors that may contribute to such use are detailed in a “data point” report […]
The federal bank deposit insurer’s economic inclusion advisory panel is slated to meet virtually next Thursday beginning at 1 p.m. ET, the agency said in a release, with the meeting expected to last until 5 […]
A two-year report from its ombudsman’s office was published Wednesday by the federal insurer of bank deposits, outlining the office’s efforts in 2019 and 2020 to address banker concerns about such issues as fear of […]
As the economy recovers, there is a chance for at least “headline” inflation to heat up – but the longer term continues to signal a low chance for long-term inflation pressures, a Federal Reserve Board […]
A new federal credit union chartered late last month in Kendall Park, N.J., to serve a local Islamic community will offer its members non-interest-bearing consumer loans, among other services, the federal credit union regulator announced […]
Proposed guidelines to evaluate requests for accounts and payment services at Federal Reserve Banks, presented by “novel types” of banking institutions attempting to leverage new and emerging technologies and techniques, were released for public comment […]
Ratings of “outstanding” went to three out of the 15 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) were made public in April, the Office of the Comptroller of the Currency reported in […]
Three out of the 56 banks receiving their Community Reinvestment Act (CRA) evaluation ratings in February from the federal deposit insurance agency were deemed “outstanding,” while one was flagged “needs to improve,” according to information […]
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