A $5.25 million fine for allegedly cheating homeowners of their rights for mortgage payment forbearance during the height of the coronavirus crisis was announced Thursday by the federal consumer financial protection agency. The Consumer Financial […]
The number of credit unions with lower exam ratings increased in the third quarter, which federal supervisors attributed to the rising interest-rate environment, the federal credit union regulator said Thursday. A report presented to the […]
Oversight of more than 200 banks and federal savings associations with assets of $273 billion across 19 states in the northeast and east U.S. will be the responsibility a new deputy comptroller of the currency, […]
The “quiet trustworthiness” of banks in the face of the current “crypto drama” was extolled by the top regulator of national banks Thursday in remarks before a conference focusing on financial literacy issues. Acting Comptroller […]
With a Federal Register notice published Wednesday, the public comment deadline on a proposal to require the Federal Reserve Banks to periodically publish lists of the depository institutions that have access to master accounts and […]
There is need for more effective oversight of cryptocurrency markets to promote financial stability, according to the U.S. Treasury secretary, who issued a statement Wednesday in the wake of the recent failure of a major […]
Title: Guidelines for Evaluating Account and Services Requests Subject: Master accounts, services Agency: Federal Reserve Status: Notice and request for comment Summary: The Board of Governors of the Federal Reserve System (Board) is issuing a […]
Consumer reporting companies and data furnishers continued to violate the Fair Credit Reporting Act (FCRA) by failing to promptly address and update incorrect information on credit reports, according to a report issued Wednesday by the […]
Partnerships between financial technology firms (fintechs) and banks should be subject to enhanced supervision aimed at addressing risks to consumer protection and market integrity, according to a report released Wednesday by the Treasury Department. The […]
Erroneous information in tenant background checks is leading to higher costs and barriers to quality rental housing, the Consumer Financial Protection Bureau (CFPB) said in issuing a market report and a consumer “snapshot” focusing on […]
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