Credit cards are making a comeback as consumer use is ramping up – and banks focusing on credit cards are taking advantage, seeing a triple return on their investments, according to the 2017 credit card […]
Cybersecurity may be at the top of the “primary issues of supervisory focus” for 2018 by the federal regulator of credit unions, but easing of citations for disclosure violations of mortgage loan data will likely […]
Trading revenue of $6.4 billion in the third quarter for banks and savings institutions was down from the previous quarter by $241 million – 3.6% – and lower than that posted at the end of […]
Noting that collaboration with Minority Depository Institutions (MDIs) provides “viable options for sound and profitable lending and investments” in underserved communities, the Federal Deposit Insurance Corp. (FDIC) Friday released a guide for banks and others […]
In another sign of relative economic stability, foreclosure activity on mortgage loans has decreased at national banks from last year, with nearly 95% of first-lien mortgages current and performing, the banks’ federal regulator reported Friday. […]
Penalties for filing call reports late for the second quarter of 2017 were agreed to by 39 federally insured credit unions for total fines of $10,150, the National Credit Union Administration (NCUA) said Friday. The […]
Changes are coming next month to the final rule on prepaid accounts – in the meantime, the effective date of the rule will be extended, the Consumer Financial Protection Bureau (CFPB) said Thursday. In a short […]
Asset-size thresholds will be raised for exemptions from home mortgage disclosure data collection and requirements to establish escrow accounts for higher-priced mortgage loans under two final rules issued by the Consumer Financial Protection Bureau (CFPB) […]
For the first time in 40 years, federal banking agencies have increased the aggregate loan commitment threshold for inclusion in “shared national credits” (SNC), raising the total from $20 million to $100 million, the agencies […]
A federal court is scheduled to hear arguments Friday over why it should (or should not) issue a preliminary injunction declaring the deputy director of the Consumer Financial Protection Bureau (CFPB) the true director of […]
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