Federal Reserve Board

Fed Issues Action Against Lineage Financial Separate from Synapse Case
Fed Issues Action Against Lineage Financial Separate from Synapse Case
December 19, 2024  |  Bank Regulation

The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. The Fed said in a Thursday...

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ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
December 16, 2024  |  Bank Regulation

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not...

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Federal Reserve Bars CEO Convicted of Embezzlement From Banking Industry
Federal Reserve Bars CEO Convicted of Embezzlement From Banking Industry
November 21, 2024  |  Security & Fraud

The Federal Reserve Board said Thursday (Nov. 21) that it prohibited Shan Hanes, a former CEO of Heartland Tri-State Bank who was convicted of embezzlement,...

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Lawmakers Lobby for One-Size-Fits-All Regulations for Banks and FinTechs
Lawmakers Lobby for One-Size-Fits-All Regulations for Banks and FinTechs
November 01, 2024  |  Regulation

Among the central debates of regulation, what we might term even the jurisdiction of the regulators — no matter the industry — might boil down...

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Federal Reserve Enforcement Action Flags Deficiencies at UniBank
Federal Reserve Enforcement Action Flags Deficiencies at UniBank
October 24, 2024  |  Bank Regulation

Washington-based UniBank and its parent company U&I Financial have agreed to measures to be taken under an enforcement action issued Thursday (Oct. 24) by the...

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Regulators Raise Exemption Thresholds Regarding Mortgages, Consumer Credit and Leases
Regulators Raise Exemption Thresholds Regarding Mortgages, Consumer Credit and Leases
October 15, 2024  |  Regulation

The Consumer Financial Protection Bureau (CFPB) has announced rules related to threshold adjustments for mortgage loan appraisals, consumer credit transactions and consumer lease transactions. All...

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Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
Federal Reserve Fines Green Dot $44 Million, Alleging Unfair Practices
July 19, 2024  |  Legal

The Federal Reserve Board said Friday (July 19) that it fined Green Dot $44 million for unfair and deceptive practices and a deficient consumer compliance risk management...

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Banks Say New Capital Requirements Will Stifle Lending
Banks Say New Capital Requirements Will Stifle Lending
June 05, 2023  |  Bank Regulation

American regulators are reportedly preparing to impose new capital requirements on the country’s larger banks. The changes, as reported Monday (June 5) by the Wall...

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Wells Fargo Fined $97.8 Million for Sanctions-Related Violations
Wells Fargo Fined $97.8 Million for Sanctions-Related Violations
March 30, 2023  |  Bank Regulation

Wells Fargo has been fined $97.8 million for sanctions-related violations from 2010 to 2015. The bank reached settlements of $67.8 million with the Federal Reserve...

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