Washington-based UniBank and its parent company U&I Financial have agreed to measures to be taken under an enforcement action issued Thursday (Oct. 24) by the Federal Reserve Board. The Washington Department of Financial Institutions (WDFI) also agreed to these measures. The enforcement action follows the...
The Consumer Financial Protection Bureau (CFPB) has announced rules related to threshold adjustments for mortgage loan appraisals, consumer credit transactions and consumer lease transactions. All three threshold adjustments will increase, effective Jan. 1, 2025. The exemption threshold for special appraisal requirements for “higher-priced mortgage loans”...
The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. The regulator said in a Friday press release that while marketing, selling and servicing its prepaid debit card products and its...
American regulators are reportedly preparing to impose new capital requirements on the country’s larger banks. The changes, as reported Monday (June 5) by the Wall Street Journal (WSJ), are designed to help the system bounce back from this year’s banking crisis, and could increase capital...
November 01, 2024
Among the central debates of regulation, what we might term even the jurisdiction of the regulators — no matter the industry — might boil down to a stark question: States versus federal — as in should the states be the mainstays in regulating banks and FinTechs as they continue to pair up and deliver digital […]
June 19, 2017
Real time payments, as a concept, has been around for a while. What will it take to make the concept a reality? In our latest Topic TBD, Cheryl Gurz, global...
October 24, 2024
Washington-based UniBank and its parent company U&I Financial have agreed to measures to be taken under an enforcement action issued Thursday (Oct. 24) by the Federal Reserve Board. The Washington Department of Financial Institutions (WDFI) also agreed to these measures. The enforcement action follows the finding of certain deficiencies at the bank in examinations conducted […]
October 15, 2024
The Consumer Financial Protection Bureau (CFPB) has announced rules related to threshold adjustments for mortgage loan appraisals, consumer credit transactions and consumer lease transactions. All three threshold adjustments will increase,...
July 19, 2024
The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management program. The regulator said in a...
June 05, 2023
American regulators are reportedly preparing to impose new capital requirements on the country’s larger banks. The changes, as reported Monday (June 5) by the Wall Street Journal (WSJ), are designed...
