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What's up
  • [ March 23, 2026 ] Smaller, non-complex credit unions offered latest quarterly version of simplified CECL tool NCUA
  • [ March 20, 2026 ] Fed bars former bank employee over taking customer funds, more; another for faking active duty for leave pay The Fed
  • [ March 19, 2026 ] Agencies release three proposals that will result in lower capital for nation’s banks, claiming ‘framework will be improved’ FDIC
  • [ March 19, 2026 ] Registration open for OCC workshops for community bank directors, senior management OCC
  • [ March 18, 2026 ] Banker earns prohibition after alleged absconding with customer’s money, depositing funds into her own account OCC
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CFPB

Charges of deceptive marketing over membership credit card leveled against firm, CEO

September 16, 2024 0

Charges of deceptive marketing aimed at allegedly luring customers to pay illegal and excessive membership fees – and make it “unreasonably difficult for consumers to cancel memberships and obtain refunds – are part of a […]

FDIC

Banks’ net income up 79.5% from Q4 2023; CRE, credit cards deteriorate further

May 29, 2024 0

A mixed bag of results from federally insured banks’ first-quarter all reports included a strong rise in overall net income, overall good asset quality, but ongoing deterioration in commercial real estate (CRE) and credit card […]

No Picture
CFPB

Bureau proposes more participants, data in yearly survey of credit card issuers

August 24, 2022 0

An expansion of the types of companies represented and in the data collected in its yearly survey of credit-card issuers has been issued by the federal consumer financial protection agency with a public comment deadline […]

CFPB

CFPB: Credit card debt dropped, digital engagement rose during pandemic; bureau looking to issuers for continued service improvements

September 29, 2021 0

Growth in the consumer credit card market in recent years reversed itself in 2020, with credit card debt falling to $811 billion by the second quarter of 2020 from a 2019 peak of $926 billion […]

CFPB

Firms win ‘sandbox’ licenses for dual-feature credit cards, advances on unpaid wages

January 5, 2021 0

A “dual-feature credit card” and a program allowing employees access to their earned but unpaid wages prior to payday got the green light Dec. 30 for limited time under two “compliance assistance sandbox” (CAS) approval […]

CFPB

UPDATED: CFPB to begin review of CARD Act, focusing on small-entity and card market impacts

August 25, 2020 0

A two-part review of rules implementing the 2009 law addressing credit card consumer protections, including whether any of those rules should be revised, rescinded or continued without change, is planned by the Consumer Financial Protection […]

CFPB

15% of credit card holders who revolve balances do so for 2 years or more, bureau ‘Data Point’ report shows

July 3, 2019 0

Two-thirds of actively used credit card accounts carry a revolving balance, with balances revolved continuously for about 10 months, according to a “Data Point” report issued by the research unit of the Consumer Financial Protection […]

CFPB

Link between credit scores and when consumers apply for credit cards examined in bureau report

May 30, 2019 0

Consumers’ credit-card application rates drop sharply as consumers reach their minimum credit scores but trend “steadily upward” after they hit bottom, according to a report Thursday from the federal consumer financial protection agency. Additionally, the […]

CFPB

Expansive jewelry retailer agrees to $11 million in fines from consumer agency, NY state

January 16, 2019 0

An Ohio-based jewelry retailer – which includes among its name brands some of the most well-known stores across the nation – has agreed to a $10 million civil money penalty to federal authorities and a […]

Today

  • Smaller, non-complex credit unions offered latest quarterly version of simplified CECL tool

    March 23, 2026 0
    The latest life-of-loan—or Weighted Average Remaining Maturity—factors are included in the March 2026 update of the simplified tool the federal regulator provides to smaller credit unions for estimating the allowance for credit losses on loans and leases, the agency said [...]
  • Fed bars former bank employee over taking customer funds, more; another for faking active duty for leave pay

    March 20, 2026 0
    A former relationship banker at Regions Bank, Birmingham, Ala., is barred from any future service in federally insured financial institutions under a March consent order finding that she withdrew $323,500 from a bank customer’s account for her own benefit. The [...]

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