A scandal-scarred Rhode Island bank moves to liquidate

Independence Bank can cease operations once it satisfies the conditions in an FDIC consent order. Liquidation would close out a five-year drama that began when regulators cited the bank for SBA lending irregularities.

CFPB dismisses lawsuit against Zelle and three big banks

The Biden-era suit against Zelle’s parent company and its largest bank parent owners sought to require banks to reimburse consumers for “induced fraud,” when a consumer is tricked into sending money to someone under false pretenses.

Press Release: FDIC Issues List of Banks Examined for CRA Compliance

PRESS RELEASE | MARCH 4, 2025 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA).  The list covers evaluation ratings that the FDIC assigned to institutions in December 2024. […]