The “designated reserve ratio” for the federal bank deposit insurance fund will remain at 2% in 2019, unchanged from last year, according to a notice published Thursday in the Federal Register. The designated reserve ratio […]
An increase in maximum civil money penalties (CMPs), including of up to more than $2 million in the top tier, up from about $1.9 million – will be published by the Federal Deposit Insurance Corp. (FDIC) […]
The asset threshold of a prohibition on management officials of banks serving as officials of unaffiliated institutions would be increased to $10 billion – from the current $2.5 billion – under a proposal to be […]
Ensuring the continued implementation of last year’s financial regulatory reform law and continued examination of whether rules should be tailored to help financial firms serve their local communities are but two of the objectives outlined […]
Final rules requiring financial institutions to accept flood insurance policies that meet the statutory definition of “private flood insurance” – and to allow financial institutions to exercise their own discretion in accepting other plans, including […]
The inspector general for the federal credit union regulator received a rating of “pass” by another agency’s IG office in an annual peer review that was made public Thursday. The review was conducted for the […]
A rolling three-month comparison of consumer complaint volumes shows a 26% increase in the number of complaints about prepaid cards and notable declines in the number received regarding student loans and consumer credit reporting, a […]
The recent end to the partial federal government shutdown has freed the Federal Register to resume publication of federal agency rulemaking notices received over the past several weeks, among them two Consumer Financial Protection Bureau (CFPB) […]
“Trouble during payment process” and “struggling to pay mortgage” were the leading complaints consumers had about mortgages between November 2016 and October 2018, the federal consumer financial protection agency said in a “snapshot” Tuesday – […]
Bipartisan legislation designed to strengthen efforts to deter abuse of financial technology passed the House by voice vote Monday and heads to the Senate for consideration. H.R. 56, the Financial Technology Protection Act, was a […]
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