$11 million in consumer redress and civil money penalties were assessed Wednesday against debt-relief payment processors, and co-founders of one of the firms, the federal consumer financial protection agency said Wednesday. In a release, the […]
A final rule on false advertising, misrepresentation of insured status, and misuse of the logo of the federal insurer of bank deposits is up for consideration at a meeting of the agency’s board May 17 […]
Lisa DeNell Cook will be the next governor of the Federal Reserve Board once she is sworn in, following a confirmation vote by the full Senate Tuesday. Cook was confirmed by a vote of 50-50, […]
Some lending terms in the first quarter of the year were eased for commercial real estate (CRE) loans of all categories, as were standards for consumer loans – including residential real estate (RRE) lending, home […]
If your rolodex includes a street address for the national bank regulator’s consumer assistance group (CAG), it’s time to make a change – to a post office box, the agency said Monday. Banks and savings […]
Lenders are barred from discriminating against customers after they have received a loan, not just during the application process, according to an advisory opinion issued Monday by the federal consumer financial protection agency. The Equal […]
Though the banking system remains strong overall, with robust capital and liquidity and improved asset quality, issues such as cybersecurity, prime brokerage services and credit and other risks either remain or are emerging as concerns […]
The announcement of an initiative to increase secured overnight financing rate (SOFR) options trading based on a “deep and liquid marketplace” by a derivatives exchange was applauded Thursday by the Federal Reserve group that established […]
A former Georgia banker charged with embezzling more than $69,000 from her bank was prohibited from serving at federally insured financial institutions after agreeing to a decree from the Federal Reserve, the agency said Thursday. […]
Implementing voice payments skills through smart devices, such as the Amazon Echo and Google Nest, is the aim of a legal and risk mitigation resource guide unveiled Tuesday by the group that oversees the national […]
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