Credit access declined during the coronavirus crisis for credit cards but increased for mortgages and auto loans, the federal consumer financial protection agency said in its final report issued Thursday in a series documenting consumer […]
A working paper focused on construction loan losses, and potential drivers, at more than 275 banks that failed between 2008 and 2013 was released Wednesday by the Federal Deposit Insurance Corp. (FDIC). For the paper, […]
Changes in advertising rules and disclosure and recordkeeping requirements under the Fair Housing Act are included in an updated consumer compliance examination manual (CEM), the federal insurer of bank deposits said Wednesday. The updates were […]
Credit unions seeking certification as community development financial institutions (CDFIs) can apply for a streamlined qualification process at the National Credit Union Administration (NCUA) between Sept. 12 and Oct. 15, the agency said Wednesday. Credit […]
Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing financial markets in a letter released Monday. The […]
The Federal Deposit Insurance Corp. (FDIC) reportedly is addressing concerns raised by its Office of Inspector General (OIG) over an external wireless network solution cloud service that was deployed prior to a 2018 risk management […]
Card issuers required to supply credit card agreement terms and other data to the Consumer Financial Protection Bureau (CFPB) must make all submissions via the agency’s Collect website beginning in January, according to a notice […]
An interactive suspicious activity report (SAR) statistics webpage – Interactive SAR Stats – has been updated to include filing trend data by industry, updated through the 2020 calendar year, Treasury’s financial crimes enforcement unit said […]
Registration is open for a Sept. 8 webinar for credit unions on their federal regulator’s modernized examination tools, which were described last week in an agency Letter to Credit Unions. The National Credit Union Administration […]
A Chicago-based banker would be prohibited from working at a bank or credit union after facing charges of overdrawing by nearly $445,000 a line of credit that was set up to circumvent bank controls, the […]
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