Top headlines in today’s news …
A former acting U.S. attorney for the Southern District of New York (SDNY) will lead a team of three lawyers from a New York, N.Y., and Washington, D.C., law firm in conducting a workplace culture […]
Higher interest rates are increasing credit risk to the nation’s banks, including in commercial real estate, the federal regulator of national banks said Thursday, noting that “key performance indicators are beginning to show signs of […]
A profit of $68.4 billion was pocketed by the nation’s banks in the third quarter, although it was less than that realized at midyear, the federal insurer of bank deposits reported Wednesday. In reporting on […]
The creation of a special committee to oversee an independent review of workplace culture at the Federal Deposit Insurance Corp. (FDIC) amid ongoing reporting on past allegations of sexual harassment and other misconduct at the […]
A $60 million payment for fines and consumer redress was ordered against a carmaker’s lending arm for allegedly directing customers to a dead-end cancellation hotline, withholding refunds, and “knowingly” tarnishing credit reports with false data, […]
An open meeting was abruptly canceled Thursday of the board of the federal bank deposit insurance agency amidst press reports of sexual harassment issues at the agency, according to new reports. Instead, the Federal Deposit […]
Fines and redress of nearly $26 million was assessed Wednesday against one of the largest banks in U.S. for discrimination of Armenian Americans, the federal consumer financial protection agency said. According to the Consumer Financial […]
Larger nonbank companies that offer digital payment apps and wallets – including Apple Pay and Google Pay – would be subject to the same rules as banks, including examinations, under a rule proposed Tuesday by […]
The maximum interchange fee that a large debit card issuer can receive for a debit card transaction would be lowered under a proposal issued by the Federal Reserve Board Wednesday. The proposal would also establish […]
This story updated to include link to Federal Register notice of final rule. Revisions to rules implementing anti-redlining laws that are designed to “strengthen and modernize” the regulations to “better achieve the purposes of the […]
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