Rules that the president’s administration expanded the geographic loan requirements too far. District Judge Matthew Kacsmaryk ruled that President Biden’s administration went too far in its bank loan…
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FTC to Hold Advisory Group Meeting to Prevent Scams Against Seniors
Government and private sector officials will discuss effective scam prevention methods in the meeting. The Federal Trade Commission (FTC) announced an online meeting of the Scams Against Older…
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Business and Banking Groups File Suit Against Updated Lending Policy
Changes to the Community Reinvestment Act expanded the geographic range. Multiple U.S. banking and business groups sued the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the…
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FDIC Attorney Pleads Guilty to Exploiting Minors Online
FBI and FDIC Inspector General conducted the investigation. The Department of Justice (DOJ) announced Tuesday that a senior attorney with the Federal Deposit Insurance Corporation (FDIC) pleaded guilty…
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President Appoints New Inspector General of FDIC
Sexual harassment allegations in the agency are being compiled into a report. President Joe Biden appointed Jennifer Fain as the new Inspector General for the Federal Deposit Insurance…
Read MoreFDIC Chair Called Before Senate Banking Committee
FDIC employees had complained of workplace sexual harassment. This week a report broke regarding complaints from current and former employees at the Federal Deposit Insurance Corporation (FDIC) experiencing…
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Legislators Propose Major Banking Reforms
Troubles in the financial sector spur action. Members of Congress are considering banking reforms after the failures of Silicon Valley Bank, Signature Bank, and First Reserve Bank this…
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Martin Gruenberg, Chairman, Federal Deposit Insurance Corporation
Martin Gruenberg, Chairman, Federal Deposit Insurance Corporation
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Treasury Secretary Says Financial Sector Stabilizing
The department continues support for banks, advocates for regulation updates Secretary of the Treasury Janet Yellen said that she believes that the financial sector is beginning to recover…
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Fed Again Considers Interest Rate Hike
Central bank members meet Wednesday. The two-day policy meeting of the Federal Reserve will meet Tuesday and Wednesday. Among their major considerations are the strains that have come…
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