Top headlines in today’s news …
“Critical financial consumer protection issues” will be the focus of joint talks between the federal consumer financial protection agency and its European counterpart, the agencies said Monday. In their joint statement, the Consumer Financial Protection […]
Penalties and restitution totaling more than $160 million against Bank of America for assessments of allegedly illegal overdraft and insufficient funds fees were announced Tuesday by the regulator of national banks and the federal consumer […]
The failure of three, large regional banks in March and May were the products of those banks having insufficient capital, according to the Federal Reserve’s top supervisor, who outlined bank capital reform proposals in a […]
Credit cards and loans, often with high interest rates, allegedly pushed onto patients to pay for their health care costs are under scrutiny by three federal agencies, including the consumer financial protection group. The three […]
Nearly 60 “early adopters” of the new “FedNow” service were certified June 29 by the Federal Reserve, the agency said, after completing formal testing and certification in advance of the service’s debut set for late […]
The federal banking agencies will issue “in the near term” a notice of proposed rulemaking on changes to the U.S bank capital framework to consider how best to incorporate the finalization of Basel III, the […]
A Federal Reserve governor flatly repudiated the notion that recent interest rate increases by the agency’s rate-setting committee led to the failure of three large regional banks this past spring and other trouble in the […]
Reconsiderations of value (ROVs) for residential real estate valuations that allow consumers to provide financial institutions with information that may not have been considered during an appraisal, or if deficiencies are identified in the original […]
Chatbots –computer generated, online consumer help programs that simulate human-like responses – can impede customers from resolving problems, especially if the systems are poorly deployed, the federal consumer financial protection agency charged Tuesday. In a […]
The increasing frequency of use of automated valuation models (AVMs) by mortgage lenders in determining the value of property was a key factor for issuing a proposal late Thursday by federal financial institution regulators on […]
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