The ceiling on allowable charges will rise to $14.50 next year under the Fair Credit Reporting Act (FCRA), the federal consumer financial protection agency said Tuesday. The new rate takes effect Jan. 1. Under the […]
Challenges are steep in assessing the impact of climate change on financial stability, particularly in integrating the mountain of financial and climate data to do so, the leader of Treasury’s top financial researcher said Friday. […]
A $5.25 million fine for allegedly cheating homeowners of their rights for mortgage payment forbearance during the height of the coronavirus crisis was announced Thursday by the federal consumer financial protection agency. The Consumer Financial […]
The number of credit unions with lower exam ratings increased in the third quarter, which federal supervisors attributed to the rising interest-rate environment, the federal credit union regulator said Thursday. A report presented to the […]
Oversight of more than 200 banks and federal savings associations with assets of $273 billion across 19 states in the northeast and east U.S. will be the responsibility a new deputy comptroller of the currency, […]
The “quiet trustworthiness” of banks in the face of the current “crypto drama” was extolled by the top regulator of national banks Thursday in remarks before a conference focusing on financial literacy issues. Acting Comptroller […]
There is need for more effective oversight of cryptocurrency markets to promote financial stability, according to the U.S. Treasury secretary, who issued a statement Wednesday in the wake of the recent failure of a major […]
Consumer reporting companies and data furnishers continued to violate the Fair Credit Reporting Act (FCRA) by failing to promptly address and update incorrect information on credit reports, according to a report issued Wednesday by the […]
Partnerships between financial technology firms (fintechs) and banks should be subject to enhanced supervision aimed at addressing risks to consumer protection and market integrity, according to a report released Wednesday by the Treasury Department. The […]
Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]
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