Top headlines in today’s news …
An information-sharing agreement aimed at alleged practices that harm workers in the “gig economy” was announced Tuesday by the federal labor relations and consumer financial protection agencies. According to the Consumer Financial Protection Bureau (CFPB) […]
Risks remain on the horizon for the banking industry, the result of trends developed during the coronavirus, despite strong performance and the low number of problem banks and failures, the board chairman for the federal […]
Borrowers who use “Buy Now, Pay Later” (BNPL) programs are more likely to exhibit measures of financial distress than non-users, and they are also more likely to be active users of high interest products including […]
Talks over a possible central bank digital currency (CBDC) will be held in coming months among leaders from key federal offices, including the White House, banking regulators and economic analysts, the Treasury’s top regulator of […]
Net income for the nation’s banks declined in 2022 from the previous year but was still higher than the average posted by the institutions before the coronavirus crisis emerged in 2020, the federal bank deposit […]
Credit unions are facing increasing risks from rising interest rates, shallow liquidity, and threats to cybersecurity, the board chairman of their federal regulator said Monday as he outlined agency responses to assist the financial institutions […]
Calling attention to the growing use of check fraud schemes across the country, the Treasury’s top financial crimes unit Saturday issued an alert to all financial institutions warning them to be on the lookout for […]
Credit quality associated with large loans originated by multiple banks improved last year, but that result does not fully reflect the impact on borrowers of rising interest rates and softening economic conditions in the second […]
Extending prohibited title loans to military families, and charging nearly three times over the 36% annual interest rate cap for some of those, has earned a Savannah, Ga., firm a $10 million penalty, and another […]
The “potential heightened liquidity risks” presented by certain sources of funding from crypto-asset-related entities is highlighted in a joint statement issued Thursday by federal banking agencies. “When a banking organization’s deposit funding base is concentrated […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info