A debt collector who brings or threatens to bring a state court foreclosure action on a mortgage that is past the statute of limitations may violate the Fair Debt Collection Practices Act (FDCPA) and implementing […]
Minimizing consumer compliance risk with overdraft programs is the subject of separate guidance issued Wednesday by two federal banking regulators, particularly with programs that assess an overdraft fee on a transaction that was authorized against […]
The National Credit Union Administration’s request for information (RFI) on climate-related financial risks to the credit union system was published in the Federal Register Tuesday with a comment deadline of June 26. The RFI, released […]
A new federal credit union headquartered in New York City to serve primarily employees and members of the United Church of Christ – with 4,700 churches and about 745,230 members – is expected to begin […]
Protecting consumers from unlawful discrimination created by automated systems using artificial intelligence (AI) and other emerging automated systems is the aim of a pledge made Tuesday by the federal consumer financial protection agency and three […]
The federal bank deposit insurer has activated disaster-related regulatory relief measures for banks in areas of Indiana affected by severe storms, straight-line winds, and tornadoes. The Federal Deposit Insurance Corp. (FDIC) issued a Financial Institution […]
Restitution of at least $4 million, and a civil money penalty of $1 million, is being sought from a former credit union leader for causing a substantial loss to his institution, the federal credit union […]
Average values of consumers’ and businesses’ ACH, check, and card payments increased substantially from 2018 to 2021, according to initial findings of the Federal Reserve’s 2022 triennial payments study, with ACH credited as the single-greatest […]
A Federal Reserve-developed alternative to a now-defunct (and soon to be eliminated) interest rate standard has become the dominant benchmark in the market, according to the group that developed the alternative. The Alternative Reference Rates […]
Proposed revisions to a framework for identifying risk from nonbank financial companies to financial stability that would, for the first time, publicly outline how financial stability is identified and assessed and how risks are mitigated […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info