E. Marshall Gentry has been appointed deputy to the board chairman and the chief financial officer (CFO) for the Federal Deposit Insurance Corp. (FDIC), the agency announced. In a release Monday, the FDIC said Gentry […]
Applications to membership on the panel that advises the Federal Reserve Board on issues affecting consumers and communities are being accepted until May 31, the Fed said Monday. The Consumer Advisory Council (CAC), it said, […]
Of the 19 banks whose Community Reinvestment Act (CRA) ratings became public in March, four received ratings of “outstanding” and two received ratings of “needs to improve,” the national bank regulator said Monday. The Office […]
Violations of truth in lending and flood insurance regulations led the most frequently cited consumer compliance transgressions in 2023 for banks, according to a report issued Friday by the federal insurer of bank deposits. The […]
A Mississippi bank was ordered to pay an $80,500 civil money penalty (CMP) for alleged violations of flood insurance requirements, the federal bank deposit insurance agency said Friday. In making public enforcement actions taken in […]
Three persons were prohibited by the federal credit union regulator in March from further service in a federally insured financial institution, the agency said Friday. According to the National Credit Union Administration (NCUA), the three […]
This article was updated April 1, 2024. Should banks be allowed to collect just a piece of an individual’s social security number prior to account opening to satisfy a key obligation under Bank Secrecy Act […]
Nearly half of all agency “reportable contracting dollars” in 2023 went to minority- or women-owned businesses, and nearly half of contract payments went to those vendors, according to a report to Congress published Thursday by […]
Remittance transfer providers that issue false advertising about the cost or speed of sending a remittance transfer can violate federal law, the federal consumer financial protection agency reminded in a circular issued Wednesday. The Consumer […]
Trading revenue was down by $2 billion in 2023, or 20.4%, from the year before at banks and savings associations, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) […]
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