Democrat Martin Gruenberg was confirmed by the Senate late Thursday to serve as FDIC chairman.
Deal aimed at helping preserve integrity of Chicago neighborhoods.
FDIC to probe bank payday loans in response to a petition signed by 250 consumer rights advocates critical of a Fiserv lending software program.
A new curriculum to support business owners through training, technical assistance and mentoring has been developed by the SBA and FDIC.
Some industry sources say Senate Banking Committee might pair nomination with Carla Decker bid for NCUA.
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.
Approximately 45% of federally insured credit unions would have to develop extensive new interest rate risk management policies, according to a rule issued by the NCUA on Thursday
Celebrity personal finance expert Suze Orman has launched a prepaid debit card which could wind up costing credit unions significant amounts of money.
The FDIC’s fund for insuring banks will have to pay out $19 billion because of bank losses over the next five years, a decline from the original estimate of $23 billion, the agency said last week.
Senate Banking Committee gives nod to Gruenberg for FDIC and Curry for OCC.