Receiverships of three federally insured, state-chartered banks – one each in Arizona, Michigan, and Georgia – were terminated Nov. 1 by the Federal Deposit Insurance Corp. (FDIC). The FDIC, in a notice slated for Federal […]
Six of the 72 banks recently evaluated for compliance with the anti-redlining Community Reinvestment Act (CRA) won evaluation ratings of “outstanding,” according to information released Wednesday by the Federal Deposit Insurance Corp. (FDIC). The remaining […]
A bulletin rescinding three previous ones to accommodate banking regulators’ recent rulemaking on the treatment of banks’ participation in three emergency funding facilities created to mitigate the negative impacts of COVID-19 was issued Tuesday by […]
Registration is open now for a fair lending and consumer compliance webinar slated Nov. 17 by the federal credit union regulator which will address consumer compliance examinations this year and next, among other things. The […]
A firm that misrepresented the impact of its fees on consumers who used its service to make their auto loan payments is expected to pay just $1.5 million of the $7.5 million in redress specified […]
Certain categories of qualified financial contracts (QFCs) entered into by foreign subsidiaries of large, systemically important banks are exempted from general stay-and-transfer provisions of the U.S. special resolution regimes, the national bank and thrift regulator […]
Six of the 22 banks whose Community Reinvestment Act (CRA) evaluations became public in October earned ratings of “outstanding,” with the remaining institutions rated “satisfactory,” the Office of the Comptroller of the Currency (OCC) said […]
A “comprehensive approach” for large banks to use in strengthening and maintaining their operational resilience was issued by federal banking regulators Friday, and followed up with a Financial Institution Letter (FIL) by the Federal Deposit […]
The councils that provide advice to the consumer financial protection agency regarding the bureau’s actions affecting consumers, community banks, and credit unions are scheduled to meet in a combined, public virtual session from 1 to […]
An entity eager to be relieved of the provisions of a consent order reached with the federal consumer financial protection agency will have a path to do so under a proposal filed by the agency […]
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