A $250 million civil money penalty was assessed against JPMorgan Chase Bank, N.A. (Columbus, Ohio) by the Office of the Comptroller of the Currency (OCC) over past “unsafe or unsound practices” related, among other things, […]
Physical risks posed to financial stability by climate change – even in the short term – include a sharp fall in assets prices and an increase in uncertainty, according to a new report issued Monday […]
The consumer financial protection agency should update the model privacy form that many banks and credit unions use to disclose their information-sharing practices to their customers and members, according to a report Monday by the […]
Third-quarter financial performance results for banks will be released Dec. 1, the federal insurer of bank deposits said Monday, during a live briefing streamed via the Internet. The Federal Deposit Insurance Corp. (FDIC) said the briefing […]
An update to the filing instructions guide (FIG) for data collected in 2021 and reported in 2022 under the Home Mortgage Disclosure Act (HMDA) was announced Monday by the Consumer Financial Protection Bureau (CFPB). The […]
Rodney Hood, the current chairman of the National Credit Union Administration (NCUA) Board, issued a brief statement Monday thanking J. Mark McWatters, who resigned Friday, for his service on the board. “Board Member Mark McWatters’ […]
Banks should provide access to services, capital, and credit based on the risk assessment of individual customers – including oil and other energy companies – rather than broad-based decisions affecting whole categories or classes of customers, […]
Misleading statements about what customers in an auto payment program would pay have earned the Florida company that ran the program and its owner a settlement with the consumer financial protection agency over charges of […]
Community banks that saw a surge of deposits during the coronavirus crisis – spurred in some cases by customers who received stimulus checks or funding through the Paycheck Protection Program – will receive some regulatory […]
Two owners of a now-dissolved Illinois firm that promised to provide student-loan relief and credit repair services were sued Friday by the federal consumer financial protection bureau, which charged them with violating federal consumer law […]
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