FDIC

• Payday Lending Vilified Again

  By David Morrison  |  March 27, 2013

  A new report from the Center for Responsible Lending has documented that payday lending at six large banks is continuing, and the reported alleged it is damaging consumers financially.

• Consumer, Urban Coalitions Pushing Regulators Again on Payday Loans

  By David Morrison  |  March 20, 2013

  Letters to chief regulators calls for curbs on payday lending, citing risks to consumers and the institutions themselves.

• FDIC Examines Mobile Payment Risks

  By Robert McGarvey  |  January 7, 2013

  Bank regulator finds channel for the most part falls under well-established existing rules.

• FDIC Trims 2013 Budget by 18.2%, Cuts 687 Positions

  By Heather Anderson  |  December 11, 2012

  Bank regulator budget compares with 6.1% budget hike for NCUA.

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  Senate Confirms Gruenberg as FDIC Chairman

  By Heather Anderson  |  November 16, 2012

  Democrat Martin Gruenberg was confirmed by the Senate late Thursday to serve as FDIC chairman.

• Self-Help FCU Purchases $141 Million in Mortgages

  By David Morrison  |  November 13, 2012

  Deal aimed at helping preserve integrity of Chicago neighborhoods.

• FDIC to Probe Bank Payday Loans; Fiserv Software Criticized by Consumer Groups

  By Heather Anderson  |  June 4, 2012

  FDIC to probe bank payday loans in response to a petition signed by 250 consumer rights advocates critical of a Fiserv lending software program.

• SBA, FDIC Team Up to Aid Aspiring Businesses

  By Michelle A. Samaad  |  April 24, 2012

  A new curriculum to support business owners through training, technical assistance and mentoring has been developed by the SBA and FDIC.

• Obama Names Former Treasury Official, Hill Aide to FDIC Board

  By Claude R. Marx  |  February 7, 2012

  Some industry sources say Senate Banking Committee might pair nomination with Carla Decker bid for NCUA.

• Overdraft Revenue Declines, Study Finds

  By Natasha Chilingerian  |  February 5, 2012

  Credit unions lost $1.4 billion in overdraft revenue in 2011 due to a bank-initiated overdraft price increase and the increasing popularity of alternative short-term loans, according to a new study from Lake Bluff, Ill.-based research firm Moebs Services.