In March, some New England area banks received notice from the Federal Deposit Insurance Corporation (FDIC) New York Division of Supervision ... of the Equal Credit Opportunity Act (ECOA) for Fair ...

The poster child for how the regulatory approach to fair lending is failing is Nixon State ... let alone a fair return on capital. The FDIC in its analysis of small-dollar lending, has found that ...

received a cease-and-desist order from the Federal Deposit Insurance Corp. over what the agency said were “unsafe or unsound” practices related to fair-lending laws. The bank failed to ...

The Federal Deposit Insurance Corporation said in a consent order that the practices were related to Cross River's compliance with fair lending laws ... said the FDIC's action had nothing to ...

At a high level, the consent order requires CRB to do the following: Below are areas of concern highlighted by the FDIC in connection with CRB’s credit offerings: Fair Lending Compliance When ...

Cross River Bank in Fort Lee was issued a cease and desist order by the Federal Deposit Insurance Corp. over allegedly “unsafe or unsound banking practices” related to fair-lending laws.

The Federal Deposit Insurance Corporation (FDIC) has requested Cross River ... practices regarding its compliance with applicable fair lending laws and regulations in 2021. Despite accepting ...

In fact, regulators recently signaled that fair lending in the student loan space could be a focal point for examination. In March 2022, the Federal Deposit Insurance Corporation (FDIC ...

The FDIC guidelines warn banks generally about the risks associated with using a third-party to market, underwrite or originate loans.