Former TD Bank employee pleads guilty to insider fraud
The Florida man admitted to opening over 100 fake TD Bank accounts in exchange for bribes, leading to $72,000 in fraud losses at the bank.
Arizona Financial Credit Union cuts exception resolution time by 80%
Arizona Financial Credit Union cuts exception resolution time by 80%
Press Release: FDIC Publishes Enforcement Orders for May 2025
PRESS RELEASE | JUNE 27, 2025 FDIC Publishes Enforcement Orders for May 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in May 2025. There are no administrative hearings scheduled for July 2025. Consent Order: Quaint Oak Bank, Southampton, PA […]
What the big, beautiful bill now has in store for the CFPB
The Senate Banking Committee is now proposing to cut the cap by which the Consumer Financial Protection Bureau can request funds from the Federal Reserve to 6.5% of the Federal Reserve’s operating budget after its opening bid of 0% was rejected by the Senate parliamentarian.
Regulators seek comment on eSLR proposal
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency are officially open to comments on their reform package for the enhanced supplementary leverage ratio.
Fannie Mae, Freddie Mac revamp JV as fintech venture
The two government-sponsored enterprises are repositioning Common Securitization Solutions to align with priorities set by their regulator and President Trump.
Researchers find ‘surprise’ in new mortgage delinquency data
While consumer distress in auto and personal loans also picked up, the pace of growth among mortgages was atypical, Vantagescore’s monthly credit gauge said.
FDIC Board of Directors Approve New Actions
BOARD MATTERS | JUNE 27, 2025 FDIC Board of Directors Approve New Actions Today, the Federal Deposit Insurance Corporation’s Board of Directors unanimously approved the following matters. Materials and information related to these Board actions are available on the Board Matters webpage. Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards Press Release […]
It’s time for the House to push the GENIUS Act over the finish line
For too long, America has taken a back seat to other nations when it comes to stablecoin regulation. Members of the House have the opportunity to rectify that problem by sending the GENIUS Act to President Trump’s desk.
May PCE inflation rises to 2.3%, supports Fed caution
The Federal Reserve’s preferred measure of inflation moved further from its 2% target, underscoring the central bank’s reluctance to cut rates.