Several firms and individuals involved in offering student loan debt-relief services were sued Thursday by the Consumer Financial Protection Bureau (CFPB), which claims the parties illegally obtained consumer reports, charged at least $15 million in […]
Title: Community Reinvestment Act Regulations; Request for Public Input Subject: CRA Agency: OCC Status: Request for information Summary: On January 9, 2020, the OCC and the Federal Deposit Insurance Corporation (the agencies) published a notice […]
Title: Employment Contracts, Mutual to Stock Conversions, Technical Amendments Subject: Employment contracts, conversions Agency: OCC Status: Final rule Summary: The OCC is issuing a final rule that repeals the OCC’s employment contracts rule for Federal […]
Lax compliance with anti-money laundering (AML) laws have earned an El Paso, Texas, bank an enforcement action from the Federal Reserve, the agency said Thursday. A recent examination of United Bank of El Paso del […]
Following up on a proposal to reform anti-redlining laws (which was published Thursday, with comments due March 9), the regulator of national banks will officially issue a “request for information” (RFI) on the issue Friday. […]
A new guide to minimum procedures for federally insured credit unions using the “other supervisory committee audits” option was issued Wednesday by the institutions’ federal regulator. The National Credit Union Administration (NCUA) said it issued […]
The Federal Reserve Board is standing firm in its goal of ensuring any reform of rules governing banks’ Community Reinvestment Act (CRA) requirements remains true to the statute, and it’s banking on input from the […]
Anti-money laundering (AML) and Bank Secrecy Act (BSA) compliance, consumer financial protection and cybersecurity are at the top of the list for the supervisory priorities of the federal credit union regulator in 2020, the agency […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: OCC (The FDIC, which issued the proposed rule jointly with OCC, declined to finalize the rule with OCC “at this time.”) Status: Final rule Summary: The Office […]
At least three varieties of counterfeit checks falsely representing a Wisconsin bank, presented for payment nationwide as part of secret shopper employment scams, are being circulated nationwide, the regulator of national banks said Tuesday. In […]
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