Will the coming year bring more credit union expansion into underserved areas? Maybe, if credit unions’ federal regulator succeeds in satisfying a particular performance indicator it set for itself for 2024. The National Credit Union […]
An in-person Consumer Research Symposium sponsored by the federal bank deposit insurance agency is set for March 15 in Arlington, Va., the agency said Tuesday. The Federal Deposit Insurance Corp. (FDIC) said its 12th annual symposium […]
This year’s supervisory priorities for the federal regulator of credit unions include credit risk, liquidity risk, consumer financial protection, information security, and interest-rate risk, and more, the agency said in a letter to credit unions […]
The public comment deadline on a Federal Reserve Board interchange fee proposal, which would lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction, has been extended […]
Five new members have been named to three-year terms on the Federal Reserve Board’s Community Advisory Council (CAC), which, the Fed says, offers perspectives on matters affecting consumers and communities, particularly low- and moderate-income populations. […]
A firm called Strategic Financial Solutions (SFS), its shell companies and two key architects of a scheme that amassed the firms allegedly more than $100 million in illegal advance fees from consumers are being sued […]
Alleged “false and misleading” statements about federal bank deposit insurance coverage have earned five entities demand letters from the federal insurance agency that they stop and take “immediate action” to address the alleged “misstatements,” the […]
A fine of $2.4 million for unauthorized use and disclosure of confidential supervisory information (CSI) was levied against a Chinese bank and its New York branch by the Federal Reserve, the agency said Friday. The […]
Operating fees payable to their federal regulator will be up more than 16% in 2024, federal credit unions were warned in a letter issued Friday, a result of new annual budgets “and other factors” including […]
Addressing the lessons from the failures of large regional banks last spring will take a targeted regulatory approach, along with “better brakes” for mitigating systemic risk, the regulator of national banks said Thursday. Speaking at […]
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