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[ January 18, 2022 ] Credit risk management, cybersecurity, payments top 2022 supervisory priorities for credit union regulator NCUA
[ January 18, 2022 ] Proposed judgment would bar firm charged with fraud from offering financial services, debt collection, telemarketing CFPB
[ January 18, 2022 ] Banks take action to reduce, limit reserve balance growth, survey finds; net interest margins cited The Fed
[ January 14, 2022 ] Bureau agrees to release all records from 2019-20 task force on federal consumer financial law in settlement CFPB
[ January 14, 2022 ] Biden sends 3 Fed Board nominations to Senate The Fed

$35 million in fines and redress result from student lender violating CFPB order

December 23, 2020 0

A $25 million civil money penalty, and a $10 million ding for consumer redress, was ordered against a bank and its student lending subsidiaries for violating previous orders, the federal consumer financial protection agency said […]

Credit risk management, cybersecurity, payments top 2022 supervisory priorities for credit union regulator

January 18, 2022 0

Credit risk management, cybersecurity, and payment systems are the three top supervisory priorities for the federal credit union regulator, the agency said Tuesday. Overall, the National Credit Union Administration (NCUA) said in its letter to credit unions (22-CU-02), it will [...]
Proposed judgment would bar firm charged with fraud from offering financial services, debt collection, telemarketing

January 18, 2022 0

A permanent ban from consumer financial products and industries and a civil money penalty (CMP) of $500,000 are being sought in a final judgment that alleges a Chicago-based firm knowingly processed payments for companies engaged in internet-based, technical-support fraud, the [...]
Banks take action to reduce, limit reserve balance growth, survey finds; net interest margins cited

January 18, 2022 0

Nearly half of banks surveyed said they had taken actions to reduce either the level or growth of their reserve balances in the last six months, according to a report of the results of a survey of bank senior financial [...]