On October 6, 2022, the New York Department of Financial Services (NYDFS) entered into a Consent Order with a New York state-chartered bank to resolve allegations of fair lending violations in the bank's indirect auto lending program. NYDFS has made clear that it is focused on fair lending compliance, and institutions regulated by NYDFS-including both banks and non-bank lenders-must be prepared for detailed, data-driven reviews of their lending programs.
Bank of America followed through Tuesday on its September pledge to issue a revamped office-return policy.
FRANKFORT, Ky. (WTVQ) — Attorney General Daniel Cameron is warning Kentuckians to be cautious of possible scams as the federal student debt relief application goes live.
Today, the Federal Deposit Insurance Corporation is taking an important step to reduce bailout risk among a group of systemically important financial institutions and guard against increasing concentration in banking. In conjunction with the Federal Reserve Board of Governors, the FDIC Board of Directors is issuing an Advanced Notice of Proposed Rulemaking to help prepare for a potential failure of a very large bank that isn’t one of the big Wall Street banks.
WASHINGTON, Oct. 18, 2022 - The U.S. Department of Agriculture (USDA) today announced that distressed borrowers with qualifying USDA farm loans have already received nearly $800 million in assistance, as part of the $3.1 billion in assistance for distressed farm loan borrowers provided through Section 22006 of the Inflation Reduction Act (IRA).
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