April 1 is the public comment deadline for a proposed rule that would limit overdraft fees charged by “very large” financial institutions, or those with $10 billion or more in assets, according to a notice […]
The consumer financial protection agency’s Credit Union Advisory Council (CUAC) is set to hold a public meeting March 8 from about 1-3:15 p.m. Eastern, according to the agency’s website and a notice in Friday’s Federal […]
Banks affected by severe storm and flooding in areas of California last month were encouraged by their federal deposit insurer Friday to work with borrowers as they strive to recover. “Banks that extend repayment terms, […]
A former employee of a bank in Southfield, Mich., was barred from future work in any federally insured financial institution and ordered to pay a $50,000 civil money penalty, according to a consent order released […]
A potential end period for the third-party review of sexual harassment claims within the Federal Deposit Insurance Corp. (FDIC), plus steps taken to ease the ability of individuals to report such activity, was announced in […]
Revisions to the agency’s written Minority and Depository Institution (MDI) Preservation Program policy were approved unanimously Thursday by the National Credit Union Administration (NCUA). The revised policy, among other things, reflects that administration of the […]
Three federally insured credit union failures cost the National Credit Union Share Insurance Fund (NCUSIF) approximately $1.4 million in losses at the end of the fourth quarter of 2023, according to a report issued Thursday. […]
April 15 is the due date for public comments on the national bank regulator’s proposal for removing expedited bank merger approval procedures and increasing transparency around the agency’s review of proposed mergers, according to a […]
A $9,600 civil money penalty was imposed on Select Bank, Forest, Va., over findings of federal flood insurance law violations, according to a consent order announced Tuesday by the Federal Reserve Board. The order refers […]
Recommendations that the federal regulator of credit unions should implement an enterprise-wide cloud computing strategy and develop and implement associated policies, procedures, and standards are provided in an agency inspector general report posted recently to […]
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