A large remittance provider was assessed a $750,000 civil money penalty over “thousands” of remittance rule violations and required to correct its practices under a consent order announced Monday by the Consumer Financial Protection Bureau […]
An advisory opinion clarifying the content that a for-profit organization must include in a written plan that establishes and administers a special purpose credit program (SPCP) under Regulation B, which implements the Equal Credit Opportunity […]
Sarah Canepa Bang has been named senior advisor to Kyle Hauptman, who joined the National Credit Union Administration (NCUA) Board Dec. 14 and was named vice chairman Friday. The NCUA, in a release Monday, said […]
If you’re looking for a bank – or information about a bank that you’ve already found – the federal insurer of bank deposits Monday unveiled new looks for doing both. The two new bank data […]
The countercyclical capital buffer (CCyB) that the Federal Reserve uses to increase the resilience of the financial system during times of heightened risk will remain at 0%, the Federal Reserve Board decided Friday. The CCyB […]
Large banks saw their losses rise to more than $600 billion under conditions simulated under a second stress test conducted by the Federal Reserve – but the banks’ capital ratios, despite the losses, would continue […]
How to spot warning signs of human trafficking is in the spotlight for a webinar next month sponsored by the federal credit union regulator, the agency said Monday. In a release, the National Credit Union […]
The newest member of the Federal Reserve Board of Governors has now taken his seat after taking the oath of office Friday via a video call, leaving just one seat open on the seven-member board. […]
Two new executives have been named to the federal consumer financial protection agency, one a new face and the other a “veteran” of the relatively new agency, which was formed after 2010 legislation. Jocelyn Sutton […]
A new title has been bestowed on the newest member of the three-member board for the federal credit union regulator, who is now “vice chairman,” according to a release from the agency on Friday. Kyle […]
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