The Office of the Comptroller of the Currency (OCC) named two new deputy comptrollers for large bank supervision on Wednesday. Kevin Greenfield, an acting deputy comptroller for large bank supervi...
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The U.S. Federal Reserve Board invited comment this week on a report that examines the impact of a proposed international capital standard (ICS) for large international insurance groups. Specifical...
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Privacy protections for financial information in many states lags behind safeguards in other sectors of the economy, according a recent Consumer Financial Protection Bureau (CFPB) report. The repor...
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A new survey released by the Federal Deposit Insurance Corporation (FDIC) found that almost 96 percent of Americans had bank accounts in 2023. The 2023 FDIC National Survey of Unbanked and Underban...
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The U.S. House of Representatives on Tuesday voted 327-75 to pass the Social Security Fairness Act, bipartisan legislation that would repeal provisions that reduce Social Security benefits for individ...
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The Federal Reserve Board took action against a former executive at Nano Financial Holdings, Inc. and Nano Banc for fraudulently obtaining loans and grants administered under the Coronavirus Aid, Reli...
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The Federal Deposit Insurance Corp. and the Pennsylvania Department of Banking and Securities recently granted regulatory approvals for the merger of ACNB Bank and Traditions Bank, both Pennsylvania-b...
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The Public Company Accounting Oversight Board (PCAOB) sanctioned a Chinese today public accounting firm for repeated violations of PCAOB rules and for failing to cooperate with an investigation. Sp...
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The Consumer Financial Protection Bureau (CFPB) fined Navy Federal Credit Union $95 million for allegedly charging illegal overdraft fees. The CFPB said that from 2017 to 2022, Navy Federal charge...
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U.S. Senators Elizabeth Warren (D-MA), Richard Blumenthal (D-CT), Chris Van Hollen (D-MD), and Tammy Duckworth (D-IL) recently sent a letter to Scott Giles, Higher Education Loan Authority of the Stat...
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