Lending activity at banks increased a bit across the country over the last several weeks, but supply-side disruptions became more widespread, continuing to vex manufacturing, construction and other areas, according to the Federal Reserve’s latest […]
The “first phase” in the agency’s plan to resume onsite operations will begin July 19 at the National Credit Union Administration (NCUA), with staff and contractors permitted to volunteer to work onsite in locations where […]
An “enhanced” version of the Money Smart for Older Adults financial education curriculum and a separate informational brochure on COVID-19-related scams were announced jointly Wednesday by the Consumer Financial Protection Bureau (CFPB) and Federal Deposit […]
Achieving and sustaining maximum employment and price stability depends on a stable financial system, and the Federal Reserve continues to monitor vulnerabilities in the banking system, the chair of the agency’s board said in testimony […]
Two proposed rules will be considered by the board of the federal bank deposit insurer when it meets July 20 – on revisions to the standardized approach for calculating the exposure amounts of derivative contracts, and on […]
While the international financial system displayed resiliency in dealing with the coronavirus crisis last year, the impact of the pandemic may include further tests to resiliency ahead, according to a report published Tuesday by an […]
Joint agency guidance for banking institutions on third-party risk management – including that related to arrangements with fintech (financial technology) firms – was issued Tuesday for a 60-day public comment period by the Federal Reserve, […]
Most consumers have exited loan payment assistance they may have received early in the coronavirus crisis – and that includes some people who tended to live in communities hit hardest by the financial impact of […]
Enabling merchants to secure loans for consumers without their authorization has earned an Atlanta-based fintech company a consent order from the federal consumer financial protection agency, essentially requiring a refund of up to $9 million […]
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 […]
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