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WASHINGTON The Federal Deposit Insurance Corp. unveiled a proposal Tuesday that would change the calculus used in determining assessment fees for small banks, resulting in most of those institutions paying less in premiums.
June 16 -
Bank of Mingo in Williamson, W.Va., will pay a total of $4.5 million in fines and legal settlements after it was investigated for violating anti-money-laundering laws.
June 15 -
More than a year after the CFPB revamped its employee rating system following allegations of discrimination, Equal Employment Opportunity complaints have surged and the agency faces ongoing accusations of bias and retaliation against workers who speak out.
June 15
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California Gov. Jerry Brown violated state law by diverting more than $331 million in mortgage settlement funds for uses unrelated to housing, a Superior Court judge ruled.
June 15 -
House lawmakers plan to introduce a bill Monday to delay a controversial risk-based capital proposal for credit unions that would require regulators to further study the issue before finalizing the plan.
June 15 -
The cumbersome regulations for prepaid products proposed by CFPB could reduce market competition, discourage innovation and effectively cut off many Americans' participation in the digital economy.
June 15
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Multinational banks that delay preparation for the European Union's proposed General Data Protection Regulation could pay a steep price: hundreds of millions of dollars in fines.
June 15 -
Sen. Elizabeth Warren shot back at criticism from JPMorgan Chase CEO Jamie Dimon, saying bankers don't dislike her because she knows too little but because she knows too much.
June 12 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the pitfalls of using alternative data to score "credit invisibles" and whether Benjamin Lawsky's successor should play nice with big banks.
June 12 -
WASHINGTON A bipartisan cybersecurity bill backed by the financial industry failed to clear a key procedural hurdle Thursday evening, raising fresh questions about when or if the legislation can advance past the Senate floor this year.
June 12
