A $400 million civil money penalty (CMP) against Citbank, N.A., of Sioux Falls, S.D., was announced late Wednesday by the federal regulator of national banks, along with an enforcement action against the bank’s New York-based […]
A set of frequently asked questions (FAQs) on Real Estate Settlement Procedures Act (RESPA) section 8 prohibitions on kickbacks and unearned fee arrangements, as well as provisions defining fees and arrangements that are not prohibited, […]
In another sign of an economy slowing down, the Federal Reserve Wednesday said consumer credit decreased at a seasonally adjusted annual rate of 2% in August after seeing growth in the two previous months. According […]
An interim final rule implemented in March and finalized in August to ensure against abrupt, automatic regulatory restrictions on banks’ capital distributions is finally making it into the Federal Register. Slated to publish in the […]
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