Charging deceptive debt relief and credit repair services, a Maryland-based financial firm faces a lawsuit by the federal consumer financial protection agency, which seeks to ban the firm from the financial services industry and impose […]
Findings last year of four types of legal violations that the federal consumer financial protection agency found “particularly concerning” were highlighted in a release Tuesday based on the agency’s summer 2021 Supervisory Highlights report. The […]
Large banks – those with $100 billion or more in assets – would be required to submit their “living wills” every three years to the federal insurer of bank deposits, (rather than an annual one), […]
The performance of first-lien mortgages declined in the first quarter of 2021, with 94.2% of mortgages included being current and performing at the end of the quarter, down from 96.5% a year earlier due to […]
U.S. commercial banks and savings associations reported $10.5 billion in trading revenue for the first quarter of 2021, up $4.2 billion, or 65.9%, from the previous quarter, the Office of the Comptroller of the Currency […]
Anyone seeking a Federal Reserve ally for a central bank digital currency (CBDC) should look beyond the agency’s top supervisor, Randal Quarles – in his view, it’s not likely to happen. In a speech Monday, […]
Rules described as designed to help prevent a surge of foreclosures as federal protections expire were finalized Monday – to become effective Aug. 31 – by the federal consumer financial protection agency. The Consumer Financial […]
More than $865 million will be distributed by September to credit unions that were account holders at three failed corporate credit unions as the federal credit union regulator closes its program to resolve the institutions, […]
A list of distressed or underserved nonmetropolitan middle-income geographies for 2021 – the areas where revitalization or stabilization activities are eligible for anti-redlining community development designation — was released Friday by two federal banking agencies. […]
Issues relating to the concept of resolution of a central counterparty (CCP) — an entity that aims to help facilitate trading in various European derivatives and equities markets – was the focus of a virtual […]
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