ALEXANDRIA, Va. (June 5, 2024) – According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions rose by $96 billion, or 4.4 percent, over the year ending in the first quarter of 2024 to $2.31 trillion. During the same period, total loans outstanding increased $71 billion, or 4.6 percent, to $1.60 trillion. Insured shares and deposits rose $40 billion, or 2.3 percent, to $1.77 trillion, from one year earlier.
On May 16, the Maryland Office of Financial Regulation (OFR) publicized an April 30 settlement agreement pursuant to which the Maryland banking agencies will withdraw its four counts against the bank and dismiss the case with prejudice.
In a recent court order (PDF), a plaintiff’s request for a proposed complaint was denied because of his past behavior as a “vexatious litigant” for attempting to invalidate his bankruptcy status on a previous case against Wells Fargo and HSBC Bank.
In federal courts across Texas, powerful business interests and federal regulators are duking it out over several Biden Administration efforts aimed at reining in corporate power, increasing consumer protections and making financial services more equitable.
WASHINGTON, D.C. - Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.
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