A former employee of Arvest Bank, Fayetteville, Ark., was barred from any future involvement in the affairs of any federally insured financial institution under a Federal Reserve order announced Thursday that found she fraudulently obtained […]
Six former bank employees – four from Regions Bank, Birmingham, Ala., and two from Merrill Lunch Wealth Management, Charlotte, N.C., a subsidiary of Bank of America – have been barred from future employment in the […]
Three individuals have been charged for their participation in a conspiracy to fraudulently obtain more than $3 million in loans from a financial institution’s New York branch under the Paycheck Protection Program (PPP) and Economic […]
Federal moratoriums on mortgage foreclosures during the pandemic helped push foreclosures down some 85% from June 2019 to June 2020, and foreclosures remained low through February 2021, a report by the congressional watchdog shows. The […]
The nation’s central bank said it plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that ceased its purchases of eligible assets Dec. 31. […]
Declaring “no time to waste, and no excuse for inaction,” the acting director of the Consumer Financial Protection Bureau (CFPB) on Thursday issued Bulletin 2021-01 containing compliance and policy guidance for mortgage servicers in their […]
Fraud and other financial crimes related to economic stimulus payments (EIPs) made by the federal government last spring and just last month are the subjects of an advisory released Wednesday by the Treasury Department’s financial […]
A number of provisions contained in the massive appropriations and coronavirus relief legislation signed into law Dec. 27 are highlighted by the federal credit union regulator in a letter to credit unions, sent Thursday. The […]
Use has been relatively limited of 13 special lending programs set up by the Federal Reserve in response to the financial impact of the coronavirus crisis, primarily because terms and conditions for some of the […]
Five individuals – three from Milwaukee, Wis., and two from Chicago – have been indicted for their alleged participation in a scheme to file fraudulent loan applications seeking more than $1.1 million in forgivable Paycheck […]
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