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.
Letters to chief regulators calls for curbs on payday lending, citing risks to consumers and the institutions themselves.
Bank regulator finds channel for the most part falls under well-established existing rules.
Bank regulator budget compares with 6.1% budget hike for NCUA.
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.