The Equal Credit Opportunity Act’s (ECOA) protections against discrimination apply regardless of a credit applicant’s immigration status, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) underscored in a joint statement Wednesday. […]
Penalties of $23 million against a subsidiary of one of the big three credit reporting agencies were announced by two federal agencies Thursday for actions that include failing to ensure accurate rental background checks and […]
The board of the federal credit union regulator will hold 11 meetings in the upcoming year, keeping with its tradition of skipping a meeting in the late summer months. In releasing its meeting schedule for […]
More shade was cast on new banking regulations Wednesday in the wake of failures of three regional banks last spring by a governor of the Federal Reserve, who had made similar remarks the prior day. […]
Ratings of banks evaluated under the federal anti-redlining law, and announced Wednesday, include a total of 10 banks rated “outstanding,” 52 rated “satisfactory,” and one rated “needs to improve.” None of the banks included in […]
A final rule that updates and clarifies federal rules on credit union loan participations, shifting the regulatory framework from a prescriptive structure to a principles-based system, is slated to take effect Oct. 30, according to […]
Engaging an independent third party to conduct a review of the Federal Reserve’s actions before the failures of three large regional banks last spring was, again, advocated Monday by a member of the Federal Reserve […]
Instructions to help banks prepare their call reports for Sept. 30, including a reminder not to reduce the estimated amount of uninsured deposits to the extent they are collateralized by pledged assets, were sent to […]
Timothy Rich – a 36-year-plus veteran employee of the federal bank deposit insurance agency — is the new Atlanta Regional Director for the agency, it announced Monday. As a regional director for the Federal Deposit […]
More than half of U.S. counties – populated by millions of Americans – face heightened future exposure to at least one of three climate hazards — flooding, wildfire, or extreme heat – that will affect […]
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