A bank that the federal bank deposit insurer said violated Federal Trade Commission (FTC) Act and Real Estate Settlement Procedures Act (RESPA) rules was assessed a $500,000 civil money penalty (CMP) in March, the Federal […]
The federal bank deposit insurer’s Deposit Insurance Fund (DIF) reserve ratio grew from 1.11% June 2023 to 1.15% in December and remains on track to return to its statutory minimum of 1.35% before its statutory […]
A public meeting of the Consumer Advisory Board (CAB) of the federal consumer financial protection agency is slated for May 15 from 10:30 a.m. to 1 p.m. Eastern. CAB is charged with advising and consulting […]
Four bankers have been named to the minority depository institutions (MDI) panel that provides feedback to the Federal Deposit Insurance Corp. (FDIC) on how the agency fulfills its statutory goals to support MDIs, the FDIC […]
An update on the agency’s Deposit Insurance Fund (DIF) restoration plan and proposals related to the Change in Bank Control Act are the two discussion items on tap for Thursday’s open meeting of the Federal […]
A revised procedural rule on how the consumer financial protection agency designates nonbanks for supervision is in effect now, according to a notice in Tuesday’s Federal Register, and comments from the public will be accepted […]
Public comments on the federal bank deposit insuring agency’s proposed statement of policy on bank merger transactions are due June 18, according to a notice in Friday’s Federal Register. The proposed statement, issued March 21 […]
Mixed results on consumer spending, “roughly flat” bank lending and some increases in residential construction and tourism were noted by the Federal Reserve in its April Beige Book report on economic conditions. The report is […]
The federal bank deposit insurer’s Advisory Committee on Community Banking is set to meet publicly May 2 on issues of interest to community banks, according to a notice in Tuesday’s Federal Register. The Federal Deposit […]
A public meeting of its Community Bank Advisory Council (CBAC) is slated for April 30 from 1-3:30 p.m. Eastern, the Consumer Financial Protection Bureau (CFPB) said in a notice posted online and in Tuesday’s Federal […]
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