Civil money penalties (CMPs) totaling $155,700 were assessed against two banks in late May and June over their “pattern or practice” of violating the Flood Disaster Protection Act (FDPA), the National Flood Insurance Act (NFIA) […]
Comments on two controversial proposals by the federal regulator of credit unions are due, and the chair of the Federal Reserve meets the press about interest rates and (likely) other issues regarding the Fed – […]
The federal agency charged with consumer financial protection on Thursday issued an advance notice of proposed rulemaking (ANPR) that asks, among other things, whether a direct measure of a consumer’s personal finances – such as […]
Clear communication from the Consumer Financial Protection Bureau (CFPB) and the federal banking regulators on appropriate use of alternative data in the underwriting process would bring fintech lenders greater certainty about their compliance with fair […]
A fully revised “Corporate and Risk Governance” booklet of the Comptroller’s Handbook and an updated “Internal and External Audits” booklet, both of which apply to bank examinations, were issued Thursday by the Office of the Comptroller […]
Beverly Cole will become the Deputy Comptroller of the Northeastern District, and Beth Dugan and Mark Richardson will become Deputy Comptrollers for Large Bank Supervision to fill posts left open due to a recent retirement […]
Consent orders with two bank holding companies in Minnesota – Mesaba Bancshares, Inc. (Grand Rapids) and First National Financial Services, Inc. (Elk River) – were terminated Thursday by the Federal Reserve Board, the Fed said […]
In an unusual proposal, five debt collectors will settle a complaint with the federal consumer financial protection bureau by agreeing to be banned from the industry and pay fines and redress of $60 million. But […]
Registration is open for the 2019 Bank Research Conference, Sept. 13-14, in Arlington, Va., the Federal Deposit Insurance Corp. (FDIC) said Wednesday. The two-day conference, sponsored by the FDIC’s Center for Financial Research and the Journal […]
A council of federal financial regulatory inspectors general created in the aftermath of the financial crisis identifies seven “top management and performance challenges” facing their respective regulatory organizations – including ongoing challenges related to cyber […]
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