Regions Bank pays $4.9M to resolve Paycheck Protection Program charges
Regions Bank agreed to pay the United States $4,919,631 to resolve allegations that the Birmingham, Ala.-based bank received payments related to the COVID-era Paycheck Protection Program (PPP). The bank, according to the U.S. Department of Justice, received payments it should not have received from the United States in connection with Regions approving forgiveness of a customer’s Paycheck Protection Program loan, despite the fact that the PPP loan was not eligible for forgiveness. “T...
Read More
Featured
CBA outlines recommendations for third-party risk management
The Consumer Bankers Association (CBA) was among several groups that released a new report that outlines the principles ...Read More »
Judge deals blow to merger of two San Diego credit unions
A California judge has denied California Coast Credit Union’s bid to force San Diego County Credit Union (SDCCU) to mo...Read More »
Senators call on Trump administration regulators to block fintech company citing predatory lending
U.S. Sens. Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) urged members of President Donald Trump’s administratio...Read More »
House passes housing development bill with overwhelming support
A major housing bill passed in the U.S. House of Representatives this week. The 21st Century ROAD to Housing Act (H.R...Read More »
Forager escalates fight over Repay buyout bid
Forager Capital Management LLC, the largest shareholder of Atlanta-based Repay Holdings Corp., is publicly pressuring th...Read More »
OCC details several reforms to reduce regulatory burdens for community banks
The Office of the Comptroller of the Currency (OCC) has launched several reforms to reduce the supervisory and regulator...Read More »
FDIC report examines depositor behaviors during Spring 2023 bank failures
The Federal Deposit Insurance Corporation (FDIC) released a study that examined deposit flows at three banks that failed...Read More »
Senate Banking Committee advances digital assets legislation
The U.S. Senate Banking Committee advanced legislation last week that seeks to establish clear rules for digital assets....Read More »
Financial well-being of Americans holds steady, according to Fed report
The Federal Reserve Board issued a report this week that examines the financial circumstances of U.S. adults and their f...Read More »
House passes legislation to update exam process for banks, credit unions
The U.S. House of Representatives unanimously passed legislation that seeks to modernize the examination process for com...Read More »
