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3 May 2024, 6:00 am by Michelle
While there are nearly 10,000 financial institutions in the country, only about 9,200 of those banks and credit unions are actively using Fed services, so the central bank’s goal for FedNow isn’t necessarily to draw them all, FedNow Head of Payments Product Dan Baum said Wednesday. [read post]
1 Nov 2017, 11:16 am by Elizabeth A. Khalil
On the one hand, the agencies have affirmatively encouraged banks and credit unions to provide small-dollar credit as a potentially more consumer-friendly substitute for alternative financial services (AFS) such as payday lending, pawnshops, and check cashing services. [read post]
20 Oct 2011, 10:15 am by Jeff Sovern
Here's more: Most concerning, this wannabe federal bank sheriff is in the back pocket of trial lawyers. [read post]
28 Jun 2017, 7:49 am by Michael Lowe
§  656) as are those whose deposits are insured by the Federal Savings and Loan Insurance Corporation (now the Office of Thrift Supervision) or the National Credit Union Administration(18 U.S.C. [read post]
27 Sep 2019, 7:27 am by Nathaniel Sobel
The second complaint was filed by the National Treasury Employees Union and three of its members. [read post]
On the evening of March 19, 2020, the Governor of California issued an order which requires all individuals living in the State to stay home or in their place of residence, except as needed to maintain continuity of operations of the federal critical infrastructure sectors, which include the financial services industry. [read post]
5 Feb 2021, 10:15 am by Geoff Schweller
Because of the carve-out, the protections do not apply to employees of FDIC-insured financial institutions and insured credit unions. [read post]
5 Feb 2021, 10:15 am by Geoff Schweller
Because of the carve-out, the protections do not apply to employees of FDIC-insured financial institutions and insured credit unions. [read post]
3 Mar 2022, 9:03 pm by Sam Wong
In a recent report, the Consumer Financial Protection Bureau (CFPB) raised concerns about reporting medical debt on consumer credit reports. [read post]
14 Feb 2019, 11:21 am by Alan S. Kaplinsky
”  In fact, as the body of the post indicates, any covered entity, regardless of its categorization as“FinTech, “bank,” “credit union” or otherwise, could apply to test a trial disclosure with the Sandbox. [read post]
27 Jul 2021, 7:14 am by Ronald K. Vaske
  The scheduled witness for the second panel are: Holly Petraeus, Former Assistant Director for Servicemember Affairs, CFPB Ashley Harrington, Federal Advocacy Director and Senior Counsel, Center for Responsible Lending Richard Williams, President/CEO, Essential Federal Credit Union Bill Himpler, President & CEO, American Financial Services Association Professor Thomas W. [read post]
18 Jan 2010, 5:21 am by Ray Mullman
  Giordano and Confreda were also named as major delinquent borrowers in the state’s credit-union crisis of the early 1990s. [read post]
27 Jun 2011, 8:41 am by Kali Borkoski
Arrow Financial Services, LLC Docket: 10-1195 Issue(s): Did Congress divest the federal district courts of their federal-question jurisdiction under 28 U.S.C. [read post]
10 Jun 2014, 4:00 am by Barbara S. Mishkin
Texas Dep’t of Housing, involves a FHA challenge to the allocation of low-income housing tax credits. [read post]
7 Oct 2021, 9:03 pm by Jillian Moss
Chopra is expected to tighten restrictions on the financial industry by scrutinizing credit reporting companies, payday lenders, and financial technology startups. [read post]
27 Sep 2019, 5:26 am by Richard Altieri, Benjamin Della Rocca
Last August, the European Union Chamber of Commerce issued a report on the system’s potential impact on foreign businesses and concluded that the corporate social credit system “could mean life or death for individual companies. [read post]
2 Dec 2023, 8:41 am by Yosi Yahoudai
Inform Credit Bureaus: If your financial data is compromised, you might want to place a fraud alert on your credit reports. [read post]
26 May 2022, 8:58 am by Zak Gowen
The FedNow Service will broaden access to instant payments features and use cases by clearing and settling payments between financial institutions around the clock every day in a Federal Reserve Bank master account. . . . [read post]