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Recent OCC enforcements included $3M fine for GA bank over FHA violations

September 17, 2021 0

A $3 million civil money penalty was assessed against Cadence Bank, N.A., of Atlanta, Ga., in late August over findings that the bank engaged in violations of the Fair Housing Act (FHA) and its implementing rules, the Office of the [...]
Banks’ $8.1B in Q2 trading revenue lags previous quarter, year

September 17, 2021 0

U.S. commercial banks and savings associations reported $8.1 billion in trading revenue for the second quarter of 2021, down $2.4 billion, or 22.9%, from the first quarter and down $5.6 billion, or 40.9%, from a year earlier, the institutions’ federal [...]
Report: millions of renters face ‘previously avoided’ economic harms as relief ends

September 17, 2021 0

Millions of renters and their families may suffer previously avoided economic harms of the coronavirus crisis as federal and state relief programs end, the federal consumer financial protection agency warned in a report issued Friday. The Consumer Financial Protection Bureau [...]
Credit union regulator to consider another proposed rule on subordinated debt at monthly meeting

September 16, 2021 0

A proposed rule on subordinated debt will be on the agenda of the federal credit union regulator’s board when it meets Sept. 23, according to an agenda published Thursday by the agency. According to the agenda posted on its website, [...]