2020-12-23
In the waning days of the Trump administration, the agency issued a new legal theory of its power to let national banks evade state consumer protection laws.
Read More from: BankThink
2020-12-23
The Conference of State Bank Supervisors filed a complaint arguing that the unique bid by the San Francisco fintech is "merely a thinly veiled effort" to evade legal challenges to the federal regulator's chartering of nonbanks.
Read More from: BankThink
2020-12-23
The legislation would let banks postpone the start date of the Current Expected Credit Losses accounting standard and delay categorizing pandemic-related loan modifications as troubled debt restructurings.
Read More from: BankThink
2020-12-23
Under the terms of the rule, NCUA could exempt credit unions from some Bank Secrecy Act requirements on a case-by-case basis, provided there are no safety or soundness concerns.
Read More from: BankThink
2020-12-23
In the second quarter (Q2) of this year, household debt in the United St
Read More from: Bonds & Botes, P.C.
2020-12-23
The Pittsburgh bank says the data aggregator deceptively uses PNC's logo in obtaining bank customers' login credentials.
Read More from: BankThink
2020-12-23
With one study showing consumers racking up additional credit card debt this season, some members may be eager to consolidate their balances in the year ahead.
Read More from: BankThink
2020-12-23
The top Democrats on the House and Senate banking committees urged the Trump administration to pull the plug on any steps to overhaul Fannie Mae and Freddie Mac with the pandemic still taking a toll on the economy.
Read More from: BankThink
2020-12-23
One engineered a big M&A deal, another struggled with his bank's credit issues and another abruptly resigned. Here are their stories and more.
Read More from: BankThink
2020-12-23
The bank has been streamlining common activities for commercial clients as part of a yearlong digital transformation.
Read More from: BankThink
2020-12-23
The proposal would require the government-sponsored enterprises to craft resolution plans similar to regulations imposed on the largest U.S. banks.
Read More from: BankThink
2020-12-23
Underpinning the technology with mathematically sound models can make a better case to consumers and regulators for why a loan applicant was denied.
Read More from: BankThink
2020-12-23
Congress passed the long-awaited Consolidated Appropriations Act, 2021 (“CAA”) December 22, 2020, which now is awaiting the President’s signature to become law.
Read More from: Krieg DeVault
2020-12-22
The legislation allows the Small Business Administration to waive fees and raise the guarantee for 7(a) and 504 loans, which could encourage more small businesses to apply for loans as the economy recovers.
Read More from: BankThink
2020-12-22
The Consumer Financial Protection Bureau said that the Dallas-based auto lender knowingly supplied inaccurate consumer data to the three major credit reporting agencies.
Read More from: BankThink
2020-12-22
The consumer bureau said the bank’s migration to a new servicing platform led to unauthorized payment withdrawals, misrepresentations about what borrowers owed and violations of a prior 2015 enforcement action.
Read More from: BankThink
2020-12-22
Bank of America’s chairman of global corporate and investment banking, Anne Clarke Wolff, is leaving the firm.
Read More from: BankThink
2020-12-22
There are a number of reasons why a driver’s license may be suspended. For example, maybe the driver was convicted of Driving Under the Influence charge; or, maybe a driver has too many points on his or her driver’s license; or maybe a driver has
Read More from: Young, Marr & Associates