Three bankers consented to prohibitions from further participation in the affairs of any federally insured financial institution or agency, and a Montana bank faces a fine for flood insurance compliance violations, according to the latest […]
Disclosures for home mortgages under the so-called “know before you owe” rule and lender credits are the subjects for frequently asked questions (FAQs) published by the federal consumer financial protection agency, released Wednesday. The FAQs […]
The second-in-command at the federal consumer financial protection agency is stepping down and will join a Washington law firm next month. According to a press release from the law firm, Johnson will join the firm […]
Banks made 1.5% less money in 2019 than the previous year, but still cleared more than $233 billion in profits – the second-highest ever, the federal insurer of bank deposits said Tuesday. In releasing fourth-quarter (and […]
May will be a big month for two rules – through proposed amendments to “qualified mortgage” (QM) regulations and finalized remittances regulations – from the federal consumer financial protection agency, its director said Tuesday. Specifically: […]
Review and comments of updated and “cloud-based” data tools for locating and researching a bank, and exploring changes in bank organizational structure, is being sought by the federal insurer of bank deposits. The Federal Deposit […]
“Fast facts” about a proposal to clarify regulations covering debt collections of debt past the statute of limitations was published Monday by the federal consumer financial protection agency. The two-page fact sheet, published by the […]
Debt collectors would be banned from making calls or taking other “non-litigation means” to collect on debt that is beyond the statute of limitations unless it is disclosed during an initial contact that the debt […]
Year-end 2019 financial results for the banking industry will be released Tuesday (Feb. 25) by the federal insurer of bank deposits, the agency said Friday. The release of Quarterly Banking Profile (QBP) by the Federal […]
A countercyclical capital buffer (CCyB) is “well designed” to address financial imbalances in the event of another economic downturn (such as the financial crisis beginning in 2007), a member of the Federal Reserve Board said […]
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