Banks in Hawaii are urged to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by severe weather in the state, where a federal disaster declaration was amended June 27 for […]
A new message format that could potentially provide “richer payment message data” than the current format used by the Fedwire Funds Service is being proposed by the Federal Reserve. Under the proposal, the change would […]
Forty-five comments on its request for information (RFI) about “Guidance and Implementation Support” were received by the federal consumer financial protection agency as of the close of the comment period Monday, according to tallies provided […]
Fourteen large banking firms received an extra year to file their living wills to allow more time for the federal banking agencies to provide feedback on the companies’ last submissions, and for the companies to […]
Louisville Metro Police Officers Credit Union of Louisville, Ky., became the third federally insured credit union of 2018 to be liquidated Friday, following actions earlier this year against credit unions in New Jersey and Illinois. […]
A 2018-19 cap of $20.3 trillion has been adopted by the Federal Reserve for use in limiting the consolidation of large banks and other financial companies, the central bank said in a release Friday. In […]
One of the nation’s largest banks must pay $335 million in restitution for failing to reevaluate and reduce the annual percentage rates (APRs) for approximately 1.75 million consumer credit card accounts, the federal consumer financial […]
Officials of a Moline, Ill., bank agreed to an assessment of a civil money penalty (CMP) and an order for restitution, according to the report of enforcement actions for May issued by the federal bank […]
It has been more than one month since President Donald Trump signed into law the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), a measure widely touted by financial institutions as “major regulatory […]
Most small-business owners are aware of financial products offered by online lenders, which has led to mixed views among the small businesses – but better disclosures could improve overall attitudes, according to a study published […]
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