MEMPHIS, Tenn., April 5, 2023 /PRNewswire/ -- First South Financial's President and CEO, Dr. Craig Esrael, is happy to announce that First South Financial Credit Union has been ranked as one of S&P Global Market Intelligence's 2022 Top 100 Credit Unions out of approximately 4,800 credit unions in the nation and the 1,797 credit unions that qualified for the ranking. Criteria for the rankings required each credit union to have over $100 million in total assets and a net worth ratio of at least 7% as of Dec. 31, 2022.
In normal times, surveys on banking conditions are released with little fanfare. Now, there is an increased appetite for data on how banks across the rest of the country are faring.
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action against James R. Carnes and Melissa C. Carnes, both individually and as co-trustees of the James R. Carnes Revocable Trust and the Melissa C. Carnes Revocable Trust for hiding money through a series of fraudulent transfers in order to avoid paying more than $40 million in restitution and penalties for illegal payday lending activities.
WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the framework of a marketing process for the approximately $60 billion loan portfolio retained in receivership following the failure of Signature Bank, New York, New York.
The FDIC’s Consumer Compliance Supervisory Highlights is a publication that features articles of interest to the banking industry. Its purpose is to enhance transparency regarding the FDIC’s consumer compliance supervisory activities and provide a high-level overview of consumer compliance issues identified in 2022 through the FDIC’s supervision of state non-member banks and thrifts.
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