Top headlines in today’s news …
Failures by banks to properly calculate or disclose finance charges, or annual percentage rate for mortgage loans, and other violations under the Truth in Lending Act (TILA, Regulation Z) were the top violations reported last […]
Proposed revisions to regulations implementing anti-redlining laws should surface publicly by the end of summer, a senior regulator said Wednesday, while joining a top supervisor from another agency in agreeing the changes should result in […]
A summary of activities at the Consumer Financial Protection Bureau (CFPB) during its first six months under the leadership of Kathleen Kraninger, who became director in December, is just that – a summary – but […]
The first in a promised series of conferences “exploring” consumer protections in financial services will be held June 25, the federal consumer financial protection agency said Tuesday, and will focus – as promised by the […]
The chairman of the Federal Reserve and the president of the United States met or talked about once a month between February and April, according to scheduling records released Friday by the central bank. The […]
A final rule delaying the Aug. 19 compliance date, to Nov. 19, 2020, for mandatory underwriting provisions of the payday, vehicle title and “certain high-cost installment loans” – the 2017 payday lending rule – was […]
The nation’s federally insured credit unions declined in number by 195 to a total of 5,335 as the system’s total assets, loans and membership continued to grow over the 12-month period ending March 31, according […]
Youlei Tang, also known as Alex Tang, on June 4 entered into a consent cease-and-desist order with the Federal Reserve Board over his removal while working at Goldman Sachs Co., New York, of documents containing […]
A fine of $1.75 million was assessed against Freedom Mortgage Corporation, one of the 10 largest Home Mortgage Disclosure Act (HMDA) reporters nationwide, in connection with a settlement announced Wednesday by the Consumer Financial Protection […]
Federal banking regulators are focusing on three areas for proposing reform of rules implementing anti-redlining laws – but one of those regulators walked back a timeline Tuesday as to when those reform proposals will surface […]
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