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Nov. 30 will be effective date for debt collection rules after all (not extended to Jan. 29)

July 30, 2021 0

After finding that an effective date extension of two final rules under fair debt collection laws is unnecessary, the federal consumer financial protection agency Friday said the rules would take effect, as originally planned, on Nov. 30. In a release, [...]
June money penalties included $30k for flood insurance violations, $35k for misappropriating funds, FDIC orders show

July 30, 2021 0

A $30,000 civil money penalty (CMP) assessment against a bank related to flood insurance violations and a $35,000 penalty against a former bank employee – who never responded or sought a hearing on the charges – were among the 15 [...]
Fed seeks candidates for Insurance Policy Advisory Committee

July 30, 2021 0

People who are insurance experts and want to serve on the Federal Reserve Board’s Insurance Policy Advisory Committee (IPAC) have from Aug. 2 to Oct. 4 to submit their “statements of interest” in being considered, according to a solicitation notice [...]
Two former credit union officials prohibited for embezzlement, misappropriation of funds

July 30, 2021 0

A former manager of a Kansas credit union and an employee of a New Mexico credit union were subject to prohibition orders in July, the federal credit union regulator said Friday, the former after being charged with stealing nearly $600,000, [...]