A group of companies making high-interest credit offers to veterans that are marketed as purchases of the individuals’ future pension or disability payments are being sued in federal district court in the District of South […]
Unauthorized access of customers’ account data, and sharing that data with others who illegally accessed the accounts, got a former employee of Regions Bank, Birmingham, Ala., barred permanently from ever again working in a federally […]
Seven former credit union employees were barred from any future work in federally insured financial institutions under prohibition notices and orders disclosed last month by the National Credit Union Administration (NCUA). NCUA reported five prohibition […]
Four supervisory booklets – “Bank Supervision Process,” “Community Bank Supervision,” “Federal Branches and Agencies Supervision,” and “Large Bank Supervision” – have been updated by the Office of the Comptroller of the Currency (OCC), the agency […]
Jay Gallagher will, beginning Oct. 1, head one of the two new divisions created by the Office of the Comptroller of the Currency (OCC) as part of its supervision “realignment” announced this summer, the agency […]
The appraisal threshold for real estate transactions secured by a 1-to-4 family residential property will rise from $250,000 to $400,000 under a final rule issued Friday by federal banking agencies, but banks will still be […]
The federal bank deposit insurer plans to terminate 13 receiverships, most of which date back to 2009, according to a Federal Register notice. “The liquidation of the assets for each receivership has been completed,” the […]
The role of cross-border financing in global financial stability, and the importance of expectations among all parties, was underscored in remarks Thursday by the Federal Reserve Board’s top supervision official during Thursday’s workshop of the […]
A former manager of the Banner Elk branch of Highlands Union Bank (Abingdon, Va.) is prohibited from any future involvement in the affairs of a federally insured depository institution under a consent order issued by […]
Commercial banks and federal savings associations had trading revenue totaling $8 billion during the second quarter of 2019, which was down $2 billion, or 19.8%, from first-quarter trading revenue, according to the Office of the […]
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