A Boulder, Colo., man pleaded guilty late last week to a nearly $32 million bank fraud scheme involving identity theft and fake residential mortgage loans that he sold to a Texas bank, federal law enforcement […]
Lenders are reminded that the Equal Credit Opportunity Act (ECOA) and Regulation B have provisions that allow lenders to implement special purpose credit programs (SPCPs) to meet special social needs and benefit economically disadvantaged groups, […]
More credit unions are being urged by their federal regulator to complete the Annual Voluntary Credit Union Diversity Self-Assessment as a “small step” toward real changes in social justice, according to a letter from the […]
A former Maryland bank CEO has pleaded guilty to federal bank fraud, bribery and other charges late last week for the alleged straw purchase of a home that the bank had already foreclosed on, according […]
A new bank charter for a San Francisco-based financial institution, but expected to build a national footprint, was touted by the regulator of national banks Friday as representing the “evolution of banking.” In a release, […]
A bank in California and a former Iowa bank official were assessed civil money penalties (CMPs) in June by the Federal Deposit Insurance Corp. (FDIC), according to orders released Friday. On June 1, the FDIC […]
Sentencing on charges of identity theft, embezzlement, fraud, and theft led to the prohibition of a Florida credit union employee from future participation in the affairs of any federally insured financial institution, the federal credit […]
Aiding financial institutions in detecting, preventing, and reporting potential COVID-19-related criminal activity is the aim of an advisory issued Thursday by the Treasury’s top financial crimes enforcement arm. The Financial Crimes Enforcement Network (FinCEN) said […]
The Consumer Financial Protection Bureau (CFPB) has added two frequently asked questions (FAQs) related to Home Mortgage Disclosure Act (HMDA) reporting requirements for certain data points, the agency said Thursday. The two FAQs, dated July […]
A waiver of appraiser credentialing requirements with respect to commercial real estate transactions under $1 million throughout North Dakota would be extended for one more year if the Federal Financial Institutions Examination Council (FFIEC) approves […]
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