GOP Rep. Randy Neugebauer asks for speedy approval from banking industry regulators, sparking calls for caution from some insurers.
As many as 30 credit unions in West Virginia and Ohio have been scrambling to establish new correspondent vendors after a regional and national bank terminated their accounts over the past few weeks.
Huntington, JPMorgan Chase closed accounts at up to 30 West Virginia, Ohio credit unions, their corporates say.
Inspector General says community banks did not sufficiently use bailout money to increase lending to small businesses.
Checks to range from $300 to $125,000 as result of enforcement actions against 13 servicers, including the nation's largest banks.
Comptroller of Currency now heads joint regulatory council for two-year term.
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.
Thirteen institutions expected to also undertake loss mitigation efforts focused on foreclosure prevention in OCC/Fed settlement.
Experts have been quick to weigh in with opinions on the usefulness of NCUA’s counsel.