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[ April 17, 2024 ] False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO CFPB
[ April 17, 2024 ] ‘Cautiously optimistic’ economic outlook noted in latest Beige report The Fed
[ April 16, 2024 ] Cross-border resolution planning topic for U.S., European regulators with eye toward GSIBs FDIC
[ April 16, 2024 ] Final, procedural rule aims to streamline process for designations of nonbanks CFPB
[ April 16, 2024 ] FDIC panel on community banking meets May 2 FDIC

Credit union regulator to strive for 15 underserved area expansions in 2024

January 23, 2024 0

Will the coming year bring more credit union expansion into underserved areas? Maybe, if credit unions’ federal regulator succeeds in satisfying a particular performance indicator it set for itself for 2024. The National Credit Union […]

OCC adds explanation of small-entity costs of HVCRE proposal

December 21, 2018 0

One of the agencies in a joint proposed rule in September regarding “high volatility commercial real estate” is publishing a “correction” to its portion of a compliance burden explanation, noting Friday that the proposed rule […]

False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

April 17, 2024 0

Deceiving students about the cost of loans and making false claims about graduates’ hiring rates have led to a consent order and a civil money penalty (CMP) against a San Francisco-based, for-profit vocational school and its CEO, the federal consumer [...]
‘Cautiously optimistic’ economic outlook noted in latest Beige report

April 17, 2024 0

Mixed results on consumer spending, “roughly flat” bank lending and some increases in residential construction and tourism were noted by the Federal Reserve in its April Beige Book report on economic conditions. The report is based on information collected on [...]
Cross-border resolution planning topic for U.S., European regulators with eye toward GSIBs

April 16, 2024 0

A coordination exercise of cross-border resolution planning among regulators and supervisors from the U.S., the United Kingdom (UK) and the European Banking Union (EBU) is set for Saturday, the federal bank deposit insurance agency said Tuesday. The conference, the Federal [...]
Final, procedural rule aims to streamline process for designations of nonbanks

April 16, 2024 0

Procedures for designating a nonbank for supervision by the federal consumer financial protection agency were updated Tuesday, the agency said, and will streamline the process for both it and the nonbanks. The Consumer Financial Protection Bureau (CFPB) said the final, [...]
FDIC panel on community banking meets May 2

April 16, 2024 0

The federal bank deposit insurer’s Advisory Committee on Community Banking is set to meet publicly May 2 on issues of interest to community banks, according to a notice in Tuesday’s Federal Register. The Federal Deposit Insurance Corp. (FDIC) notice says [...]
CFPB’s community bank panel to meet April 30

April 16, 2024 0

A public meeting of its Community Bank Advisory Council (CBAC) is slated for April 30 from 1-3:30 p.m. Eastern, the Consumer Financial Protection Bureau (CFPB) said in a notice posted online and in Tuesday’s Federal Register. The bureau said the [...]
Rising use of fraud related to counterfeit passport cards impels notice to banks to be on alert

April 15, 2024 0

Fraud schemes related to the use of counterfeit U.S. passport cards has prompted a notice to financial institutions from the Treasury’s financial crimes enforcement unit, the agency said in a notice issued Monday. According to the Financial Crimes Enforcement Network [...]