FDIC: Meeting of Advisory Committee on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) today announced that it will hold a meeting of the Advisory Committee on Community Banking on Thursday, March 28. During the meeting, FDIC senior staff will discuss efforts regarding de novo institutions, community bank technical assistance efforts, the 2017 FDIC National Survey of Unbanked and Underbanked Households, and various…
CPFB: Enhancements to Advisory Committees Announced and Member Applications Now Open
Today the Consumer Financial Protection Bureau (Bureau) announced enhancements to its advisory committee charters. The enhancements are a result of CFPB Director Kathleen L. Kraninger’s engagement with current and former advisory committee members during her three-month listening tour. “I’ve seen firsthand how the Bureau benefits from the valuable input provided by committee members. I have…
CFPB: Report Released on 2018 Administration of the Fair Debt Collection Practices Act
The Consumer Financial Protection Bureau (Bureau) released the annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). The report highlights the continued efforts by the Bureau and the Federal Trade Commission (FTC) to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and policy initiatives….
ABA: 6 Tips for Spring Cleaning Your Finances
With the arrival of spring, the American Bankers Association is encouraging consumers to add a very important item to their spring cleaning to-do list: organizing their finances. To help, ABA has highlighted six tips for rearranging your financial house. “Spring is the season of renewal, which means it’s time to sweep away your winter bills and…
FDIC: Supervisory Insights Winter Edition Focuses on LIBOR
The Federal Deposit Insurance Corporation (FDIC) today issued the Winter 2018 issue of Supervisory Insights, which includes an article examining the future of, and alternatives to, the London Inter-bank Offered Rate (LIBOR). LIBOR is a popular reference rate for commercial loans, residential mortgages, derivatives and swaps, and other credit instruments. While LIBOR often is viewed as…
OCC: Office of the Comptroller of the Currency Fines Citibank, N.A. $25 Million for Violating the Fair Housing Act
The Office of the Comptroller of the Currency (OCC) today assessed a $25 million civil money penalty against Citibank, N.A., for violations of the Fair Housing Act. The OCC found that the bank had certain control weaknesses related to its Relationship Loan Pricing (RLP) program designed to provide eligible mortgage loan customers either a credit…
SBA: Nation’s Top Small Businesses Honored by SBA Administrator
Winners to be formally recognized in Washington, D.C. on May 5-6 WToday, Administrator Linda McMahon, the head of the U.S. Small Business Administration, announced the 2019 Small Business Persons of the Year winners from the 50 states, the District of Columbia, Puerto Rico, and Guam. Each of the winners have been invited to attend ceremonies in Washington,…
CFPB: Credit Mistakes that Could Be Costing You Money
Managing your credit can sometimes seem like a lot of work, but it’s essential. Your credit history plays a big role in your financial life. Not only does it weigh heavily in determining the loan terms and interest rates you’re offered, but it can also impact other parts of your life, like whether you get…
HUD: Plan Approved to Support Southern Georgia Counties in their Recovery from 2017 Disasters
$38 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Georgia’s disaster action plan, which will invest $38 million to support the state in its recovery from the effects of deadly tornados in January of…
HUD: Plan Approved to Support Missouri in its Recovery from 2017 Storms and Flooding
$58.5 million in federal recovery funds to rebuild damaged homes, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today announced its approval of the State of Missouri’s disaster action plan, which will invest $58.5 million to support the state in its recovery from the effects of severe storms, tornadoes, high winds…