A firm that misrepresented the impact of its fees on consumers who used its service to make their auto loan payments is expected to pay just $1.5 million of the $7.5 million in redress specified […]
Certain categories of qualified financial contracts (QFCs) entered into by foreign subsidiaries of large, systemically important banks are exempted from general stay-and-transfer provisions of the U.S. special resolution regimes, the national bank and thrift regulator […]
Six of the 22 banks whose Community Reinvestment Act (CRA) evaluations became public in October earned ratings of “outstanding,” with the remaining institutions rated “satisfactory,” the Office of the Comptroller of the Currency (OCC) said […]
A “comprehensive approach” for large banks to use in strengthening and maintaining their operational resilience was issued by federal banking regulators Friday, and followed up with a Financial Institution Letter (FIL) by the Federal Deposit […]
The councils that provide advice to the consumer financial protection agency regarding the bureau’s actions affecting consumers, community banks, and credit unions are scheduled to meet in a combined, public virtual session from 1 to […]
An entity eager to be relieved of the provisions of a consent order reached with the federal consumer financial protection agency will have a path to do so under a proposal filed by the agency […]
Ending an eight-month role as “acting” top supervisor for the federal credit union regulator, Myra Toeppe has formally been named the director of the agency’s office of examination and insurance, according to a release issued […]
A consent order barring the former president of the failed Enloe State Bank from future service in any federally insured financial institution was issued in September by the Federal Deposit Insurance Corp. (FDIC), according to […]
A webinar for credit unions interested in offering payday alternative loans or other forms of short-term lending is scheduled Nov. 16 by the National Credit Union Administration (NCUA), and registration is open now. The NCUA […]
A final rule focusing on communications between consumers and debt collectors under the Fair Debt Collection Practices Act (FDCPA) was released Friday by the Consumer Financial Protection Bureau (CFPB), with that final rule scheduled to […]
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