A former Georgia banker is now prohibited from working at another federally insured financial institution, an action related to charges that he embezzled more than $1 million from a bank he used to work for, […]
Challenges related to referring to criminal history in background checks for employment purposes are outlined in a new report by the federal consumer financial protection agency released Thursday. In the report – which looks at […]
The appointment of 35 individuals across the four panels that advise Consumer Financial Protection Bureau (CFPB) leadership on consumer financial issues and emerging market trends were announced Thursday by bureau Director Kathleen (“Kathy”) Kraninger. The […]
“Stablecoins” and market fragmentation are two key areas being closely watched for their impact on financial stability by the global umbrella group for financial regulators, the chairman of the group (and Federal Reserve vice chairman) […]
Thirteen banks or thrifts were recently awarded “outstanding” ratings for compliance with anti-redlining laws and rules, according to performance evaluations made public last month, the federal regulator of national banks said Wednesday. The number of […]
Examiner instructions on evaluating banks for compliance with anti-redlining rules will now include guidance urging the banks to consider partnering with minority depository institutions (MDI) and low-income credit unions for credits toward compliance , the […]
Directors or other management officials at banks with assets of $10 billion or less would no longer face restrictions from serving at more than one depository institution or holding company at the same time (and […]
The first “Credit Union Diversity, Equity, and Inclusion Summit” is set for Nov. 6 by the federal regulator of credit unions, the agency said Wednesday, aimed at discussing how to promote those qualities at the […]
A group of companies making high-interest credit offers to veterans that are marketed as purchases of the individuals’ future pension or disability payments are being sued in federal district court in the District of South […]
Cybersecurity and “operational resiliency” are at the top of the supervisory strategies for fiscal year 2020 of the federal regulator of national banks; the strategies, released Tuesday, also guide priorities for the agency. Tuesday is […]
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