An inspector general report on Federal Deposit Insurance Corp. (FDIC) consumer complaint processing found the agency “substantially complied” with key program equirements, but required information was omitted from recommendation memoranda in some cases while in […]
A resolution passed last month by the Senate to repeal 2013 guidance – now deemed a rule – on indirect auto lenders’ compliance with federal fair lending requirements appears to be headed for House action […]
Those interested can still send their comments to the Consumer Financial Protection Bureau (CFPB) Academic Research Council on the bureau’s methodology and direction for consumer finance research. The council held a public meeting today, but […]
A bulletin on a recent final rule raising the commercial real estate (CRE) appraisal threshold from $250,000 to $500,000 was issued Wednesday by the Office of the Comptroller of the Currency (OCC). The OCC bulletin […]
State banking regulators declared neither victory nor conceded defeat in the wake of a federal court’s dismissal of their lawsuit against the federal regulator of banks’ proposal to issue a “fintech” charter. Monday, the U.S. District Court […]
A former credit union employee has been prohibited from participating in the affairs of any federally insured financial institution, the federal regulator of credit unions said, after having served a prison sentence and supervised release. […]
The federal panel responsible for oversight of state appraisal regulatory programs denied a request by TriStar Bank, Dickson, Tenn., for a one-year waiver from a requirement to use certified appraisers for real estate-related loans in […]
The latest round of Community Reinvestment Act (CRA) ratings to be released by the Office of the Comptroller of the Currency (OCC) show one bank rated “outstanding,” 20 “satisfactory” and one “needs to improve.” The […]
Deficiencies in internal controls and trader oversight at The Goldman Sachs Group, Inc., landed the firm a cease-and-desist order and $54.75 million civil money penalty (CMP) from the Federal Reserve Board (Fed), which coordinated its […]
A civil money penalty (CMP) of $12,000 for National Flood Insurance Act (NFI Act) violations was assessed against The Bank of Fayette County, a state member bank in Piperton, Tenn., by the Federal Reserve Board […]
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