The message format will change for the Federal Reserve’s Fedwire Funds Service – to ISO 20022 — the agency said Monday, adding the change is being made to increase efficiency and data collection. Additionally, the […]
Technology firms that will make up six teams were selected to participate in a “tech sprint” designed to explore new technologies and techniques to determine how well community banks, and all banks, can withstand a […]
A set of “frequently asked questions” (FAQs) that discuss limited-content messages and the call frequency provisions under debt collection rules was published Friday by the federal consumer financial protection agency. The FAQs, according to the […]
Of the 16 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in September, four were rated “outstanding” and the rest “satisfactory,” the Office of the Comptroller of the Currency (OCC) said Friday. The […]
A filled-out agenda for next week’s virtual, public meeting of the economic inclusion advisory panel of the federal insurer of bank deposits was released Friday and includes a rundown of the panelists slated to discuss […]
The top financial regulator for Kentucky is the newest member of the advisory committee of state regulators for the federal insurer of bank deposits, the agency announced Friday. Charles Vice, commissioner of the Kentucky Department […]
Four former employees of credit unions in North Carolina, Pennsylvania, Florida, and New Jersey were barred from future service in any federally insured financial institution under orders announced Thursday by the federal regulator of credit […]
Should the board for the federal credit union regulator be expanded? At least one Republican senator thinks that’s a worthwhile idea – and the Democratic-nominated chairman of the agency board did not outright reject the […]
The Senate on Thursday confirmed Rohit Chopra to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) on a straight, party-line vote of 50-48. Chopra, nominated to the bureau post in February […]
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 […]
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