Public input on a potential voluntary certification program for banks to pursue in setting standards for their technology use – and particularly models of such programs used by so-called “fintechs” – is being sought by […]
Dollar amounts for provisions in truth-in-lending regulations for credit cards and mortgages have been adjusted for consumer prices as of the beginning of this summer, the federal consumer financial protection agency said Monday. More specifically, […]
The nine enforcement actions announced by the Office of the Comptroller of the Currency (OCC) this week included one civil money penalty assessment (CMP) of $100,000 related to a bank’s deficiencies under the Bank Secrecy […]
There was a net reduction of 211 banks nationwide at the end of last year compared with year-end 2018, the Federal Reserve reported Friday, and a net reduction of 1,182 branches and additional offices over […]
A template for employee applications to employer-created automatic savings (autosave) programs has been deemed by the Consumer Financial Protection Bureau (CFPB) to be compliant with Electronic Funds Transfer Act (EFTA) and related Regulaion E provisions […]
A “trends view” of consumer complaints which allows users to see information about complaints over time using a set of filter options has been added to the consumer complaint database of the federal consumer financial […]
Federally insured credit unions can register now for a two-hour webinar slated by their federal regulator July 23 on financial inclusion for persons with disabilities and the 30th Anniversary of the Americans with Disabilities Act […]
Paycheck Protection Program (PPP) loans to businesses owned by their directors and certain shareholders who are also bank directors, officers and shareholders will be allowed – subject to certain limits, and without favoritism – under […]
Nonprofit organizations such as educational institutions, hospitals, and social service organizations will have more access to credit through the Federal Reserve’s Main Street Lending Program (MSLP) as a result of modifications that added two new […]
Regulatory relief is extended to financial institutions in Michigan affected by the recent severe storms and resulting flooding from a failed dam, the federal insurer of bank deposits said Thursday. In a financial institution letter […]
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