Deceptive acts or practices in taking deposits from and offering credit to consumers – allegedly at interest rates nearing 1000% – has earned a Florida company and its chief executive a lawsuit by the federal […]
Sheila C. Bair, the former chairman of the Federal Deposit Insurance Corp. (FDIC) during the 2008 financial crisis, will be the next board chair for mortgage behemoth Fannie Mae as of Nov. 20, the company […]
Public comments on a proposed rule codifying a 2018 statement on the role of supervisory guidance – binding regulators to that guidance and stating that such guidance does not have the force and effect of […]
Risks facing national banks in the last quarter of 2020 (and going into 2021) will be outlined Nov. 9 by the federal regulator of the institutions in a press conference, the agency said Wednesday. In […]
A webinar on financial literacy and consumer financial protections for servicemembers will be co-hosted Nov. 18 by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA), the credit union regulatory agency […]
Receiverships of three federally insured, state-chartered banks – one each in Arizona, Michigan, and Georgia – were terminated Nov. 1 by the Federal Deposit Insurance Corp. (FDIC). The FDIC, in a notice slated for Federal […]
Six of the 72 banks recently evaluated for compliance with the anti-redlining Community Reinvestment Act (CRA) won evaluation ratings of “outstanding,” according to information released Wednesday by the Federal Deposit Insurance Corp. (FDIC). The remaining […]
A bulletin rescinding three previous ones to accommodate banking regulators’ recent rulemaking on the treatment of banks’ participation in three emergency funding facilities created to mitigate the negative impacts of COVID-19 was issued Tuesday by […]
Registration is open now for a fair lending and consumer compliance webinar slated Nov. 17 by the federal credit union regulator which will address consumer compliance examinations this year and next, among other things. The […]
A firm that misrepresented the impact of its fees on consumers who used its service to make their auto loan payments is expected to pay just $1.5 million of the $7.5 million in redress specified […]
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