Actions related to compliance with anti-redlining requirements and home mortgage lending reporting – updated guidance and a limited flat file — were taken Wednesday by the umbrella group for federal financial institution regulators. The Federal […]
A $1 million civil money penalty (CMP) has been assessed against a student loan servicer for allegedly deceiving borrowers about public student loan forgiveness, the federal consumer financial protection agency said Wednesday. The penalty against […]
Management of exposures to climate-related financial risks at large banks are the focus of draft principles to provide a high-level regulatory framework under a proposal issued Wednesday by the federal bank deposit insurance agency. Comments […]
Banks should pursue “pro-consumer” changes to their overdraft programs, the acting comptroller of the currency wrote in an article appearing Monday in a trade journal, reiterating a warning he issued to banks earlier this month. […]
Four confirmations of Federal Reserve Board members will be before the Senate as early as Tuesday, following successful parliamentary action to pry one of the nominees out of committee earlier in the day. The Senate […]
May 1 is the compliance date for a final rule establishing computer-security incident notification requirements for banks and bank service providers, the federal bank deposit insurance agency reminded in a letter Tuesday. In a financial […]
Late credit card payment fee penalties totaling $12 billion – that is, those fees charged in addition to interest when a cardholder does not make the minimum payment by the due date – were charged […]
Trading revenue was up nearly 20% at banks and savings associations at the end of 2021 from the previous year, the regulator of national banks and savings associations said Friday. The Office of the Comptroller […]
There’s more time to comment on a proposal to implement a framework for the supervision of certain insurance organizations overseen by the Federal Reserve, the agency said Friday. Comments will now be taken until May […]
Issuing his own statement on the release of an action plan to promote property appraisal equity, the acting board chairman of the federal bank deposit insurer called the plan “an important step towards addressing barriers […]
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