Three broad steps meant to combat “coercive” credit reporting to obtain payments on medical debt will be taken by the federal consumer financial protection agency, its director said Tuesday. Consumer Financial Protection Bureau (CFPB) Director […]
Comments on a new framework for a “transparent and consistent” set of factors for considering requests to Federal Reserve accounts and payment services from banks and non-banks alike are being sought by the agency, it […]
Banks’ net operating income was up nearly 90% in 2021 from the previous year, the federal insurer of bank deposits said Tuesday, as the institutions reported $279.1 billion in the income category at year’s end. […]
Credit unions can expect a review of their overdraft fee programs during examinations this year, their federal regulator’s ultimate intent being to use what’s learned in the reviews for “a more thorough review” next year, […]
Improper, illicit auto repossessions are the target of a compliance bulletin issued Monday by the federal consumer financial protection agency, which outlines conduct the agency has observed in exams; the agency also said it is […]
More than $560 million will be distributed to more than 2,100 credit union shareholders by their federal regulator, the agency said Monday, in capital and dividends from conserved “corporate” credit unions. The distributions are expected […]
A statistical study of household finances designed to give policymakers “important insight” into the economic condition of a broad cross section of American families gets underway next month, the Federal Reserve said Friday. The Survey […]
Two orders of prohibition were among the enforcement actions taken by the federal insurer of bank deposits in January, the agency said Friday, against former bank employees, the first for unauthorized withdrawals from customers’ accounts […]
Big or small, financial institutions around the U.S. should be on guard for cyberattacks following Russian’s invasion of Ukraine, and allied responses to it, the federal credit regulator said Thursday. Passing along two alerts from […]
Webinars on changes in the first credit union call report of 2022, and for the regulatory exam rating system, are planned by their federal regulator for March 8 and 10, respectively. The National Credit Union […]
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