Lenders are barred from discriminating against customers after they have received a loan, not just during the application process, according to an advisory opinion issued Monday by the federal consumer financial protection agency. The Equal […]
The federal agency charged with consumer financial protection is “sharpening its focus” on digital redlining and algorithmic bias amid the growing influence of technology platforms, including big tech firms, in the financial services marketplace, the […]
Though the banking system remains strong overall, with robust capital and liquidity and improved asset quality, issues such as cybersecurity, prime brokerage services and credit and other risks either remain or are emerging as concerns […]
Regulators will discuss their jointly proposed Community Reinvestment Act (CRA) rules update plus answer questions during a public webinar May 11, according to a message Friday from the federal insurer of bank deposits. The May […]
Title: Community Reinvestment Act Subject: CRA modernization Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office […]
The announcement of an initiative to increase secured overnight financing rate (SOFR) options trading based on a “deep and liquid marketplace” by a derivatives exchange was applauded Thursday by the Federal Reserve group that established […]
A new proposed rule to update banks’ requirements under the anti-redlining Community Reinvestment Act (CRA) was issued jointly Thursday by the three federal banking regulatory agencies. Issuance of the proposed rule, out for a 90-day […]
A former Georgia banker charged with embezzling more than $69,000 from her bank was prohibited from serving at federally insured financial institutions after agreeing to a decree from the Federal Reserve, the agency said Thursday. […]
Implementing voice payments skills through smart devices, such as the Amazon Echo and Google Nest, is the aim of a legal and risk mitigation resource guide unveiled Tuesday by the group that oversees the national […]
Protecting older Americans against financial exploitation is the goal of a May 19 webinar hosted by the federal credit union regulator, the agency said Wednesday, adding that the federal consumer financial protection agency will also […]
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