ALEXANDRIA, Va. - (10/20/05) -- NCUA continued its unprecedentedeffort to compel credit union compliance with consumer reportingrequirements and said Wednesday it fined Paradise FCU $19,000 forfailing to file Home Mortgage Disclosure Act reports within theproper time frame. The fine against the National City, Calif.,credit union was the 17th assessed by NCUA for late HMDA filingover the past two weeks, and the largest. Credit unions arerequired to collect HMDA data throughout the year and file the datawith the Federal Reserve by March 1 of the following calendaryear.
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The Minneapolis-based company has promoted Kedia to president, a role that CEO Andy Cecere and his predecessor both held before being named to the top job.
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The Consumer Financial Protection Bureau's overdraft proposal would set fees at $14. With fee income under attack from many sides, bankers say they would have to further restrict credit.
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In a surprise move, the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Housing Finance Agency proposed a long-awaited rule to curb certain incentive-based pay arrangements for bank executives.
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The $1.1 billion-asset Vibrant is working with the San Francisco-based distributed ledger development firm Metallicus through its Metal Blockchain Banking Innovation Program to examine use cases.
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Forty companies made the 2024 edition of American Banker's annual list of enviable workplace cultures in the financial technology space. Here is a look at some of what makes these firms employers of choice.
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Incumbents face the challenge of updating their infrastructure for digital payments, while newcomers are pushing to compete by using artificial intelligence, cloud hosting and other technologies.
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