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Opinion takes aim at certain ‘pay-to-pay’ fees by debt collectors in overall campaign against ‘junk fees’

June 29, 2022 0

Reducing so-called “junk fees” – specifically “pay to pay” charges by debt collectors – is the aim of an advisory opinion issued by the federal consumer financial protection agency, it said Wednesday. According to the Consumer Financial Protection Bureau (CFPB), [...]
Agency publishes updates to consumer compliance exam manual

June 29, 2022 0

Pre-examination planning and communications of exam findings are among the sections that have been updated in the consumer compliance examination manual (CEM) issued by the federal bank deposit insurance agency, the agency said Wednesday. According to the Federal Deposit Insurance [...]
Fed approves 75bp hikes in rates charged by reserve banks, interest paid on Reg D reserves

June 29, 2022 0

In action triggered by the recent increase in the federal funds target rate, the Federal Reserve Board has also approved increases of 75 basis points (bp) in the short-term credit rates in effect at the Federal Reserve Banks and in [...]