Top headlines in today’s news …
A set of “frequently asked questions” (FAQs) that discuss limited-content messages and the call frequency provisions under debt collection rules was published Friday by the federal consumer financial protection agency. The FAQs, according to the […]
The Senate on Thursday confirmed Rohit Chopra to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) on a straight, party-line vote of 50-48. Chopra, nominated to the bureau post in February […]
Strengthening, not just modernizing, anti-redlining rules will be necessary to reduce economic inequality and foster trust, the nation’s national bank regulator said Wednesday. In remarks to a Washington group that includes as members bankers, regulators, […]
Federally insured banks and savings institutions netted $70.4 billion in income during the second quarter of 2021, up $51.9 billion, or 281%, from the same quarter a year ago and due primarily to a $73 […]
Credit unions saw their net income rise by more than 77% in the first half of 2021, from year-end 2020, expanding it to $21.3 billion over the six-month period, the federal regulator of credit unions […]
A former vice president and home mortgage area manager at Citizens Bank, N.A., Providence, R.I., who allegedly sought and received kickbacks from a loan officer under his supervision is the respondent in a case set […]
Frequently asked questions (FAQs) about an alternative reference rate to LIBOR – especially best practices related to the use of a term rate for the alternative – were issued Friday by a Federal Reserve-sponsored group. […]
Helping community banks assess risks when considering relationships with financial technology companies is the aim of a new guide issued Friday by the federal banking agencies. In separate releases, the agencies said the guide – […]
Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing financial markets in a letter released Monday. The […]
Registration is open for a Sept. 8 webinar for credit unions on their federal regulator’s modernized examination tools, which were described last week in an agency Letter to Credit Unions. The National Credit Union Administration […]
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