A “general trend of decline” in the number of agreements between credit card issuers and institutions of higher education has continued over the 10 years ending in 2019, according to a report issued Thursday by […]
Two banks associated with the Morgan Stanley company face a $60 million civil money penalty (CMP) for the banks’ shortcomings in decommissioning two “wealth management” business data centers in the U.S. four years ago, the […]
A final rule temporarily lowering the community bank leverage ratio (CBLR) threshold to 8% through 2020 and transitioning it to 9% by 2022 is slated for publication Friday in the Federal Register. The final rule, […]
A $400 million civil money penalty (CMP) against Citbank, N.A., of Sioux Falls, S.D., was announced late Wednesday by the federal regulator of national banks, along with an enforcement action against the bank’s New York-based […]
A set of frequently asked questions (FAQs) on Real Estate Settlement Procedures Act (RESPA) section 8 prohibitions on kickbacks and unearned fee arrangements, as well as provisions defining fees and arrangements that are not prohibited, […]
In another sign of an economy slowing down, the Federal Reserve Wednesday said consumer credit decreased at a seasonally adjusted annual rate of 2% in August after seeing growth in the two previous months. According […]
An interim final rule implemented in March and finalized in August to ensure against abrupt, automatic regulatory restrictions on banks’ capital distributions is finally making it into the Federal Register. Slated to publish in the […]
The Federal Reserve has reached out to about 26,000 financial firms from around the country urging them to participate in the Fed’s 2020 Census of Finance Companies and Other Lenders, the central bank announced Tuesday. […]
An advisory panel that focuses on ways to expand access to banking services by underserved populations is set to meet publicly via webcast Oct. 22 to discuss, among other things, the impact of the COVID-19 […]
Telling money launderers to “beware” that the Treasury’s anti-money laundering (AML) division has many ways to thwart criminals trying to hide illicit cash, the congressional watchdog Tuesday published a digest of two recent reports from […]
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