Closely monitoring the use of algorithmic decision tools in lending by financial companies – particularly with regard to the religion or faith practiced by a borrower – is on the radar of the consumer financial […]
A 2019 taskforce established by the federal consumer financial protection agency, ostensibly focusing on federal consumer financial law, did not comply with federal “sunshine” law requirements and the report of the group, issued about a […]
Federal Reserve Banks had net income of $107.8 billion in 2021, a $19.3 billion increase (21.8%) from the previous year; the Federal Reserve Board said the net income bump came mostly from a $25.1 billion […]
The lack of standards and controls in the cryptocurrency space suggest that a cautious and careful approach is warranted to cryptocurrencies, the top regulator of national banks said Thursday. In a speech to the BritishAmerican […]
A reminder to debt collectors of their obligations when collecting medical debts to comply with federal prohibitions on misrepresentations and unfair practices was issued Thursday by the federal consumer financial protection agency. The Consumer Financial […]
Clarifying processes available for federal regulators to consider temporary waiver relief for appraisals by making “a clear distinction” between a request by a state appraiser regulatory agency and via petition by others is the aim […]
Lending activity picked up slightly toward the end of 2021, led by commercial real estate borrowers, the Federal Reserve reported Wednesday in its latest Beige Book. The most recent book, reporting on the last several […]
Measuring the effectiveness of digital identity proofing – the process used to collect, validate, and verify information about a person – is the aim of a “tech sprint” announced late Tuesday by the federal bank […]
Two more weeks – to Jan. 31 – have been added for credit unions to complete and submit the voluntary Credit Union Diversity Self-Assessment by the federal credit union regulator, the agency said Tuesday. However, […]
Ensuring a strong and resilient financial system, with increased capital and liquidity requirements for large banks, was among the accomplishments cited by the chair of the Federal Reserve in testifying for himself for another term […]
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