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Fed researchers: Banks that share name with failed institutions experience loss of business

Federal Reserve researchers said banks that share their name with a failed bank experience a half-percent drop in transaction deposits relative to banks with similar characteristics but different...

Jul 15, 2024
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Article

FHFA releases VantageScore 4.0 credit scores

The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are making historical VantageScore 4.0 credit scores available to approved users to support the transition to updated...

Jul 12, 2024
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Article
Secondary Mortgage Market Secondary Mortgage Market Federal Housing Finance Agency

Megabank group urges IG to investigate community bank assessment exemption

The Bank Policy Institute called on the FDIC Office of the Inspector General to investigate the FDIC’s recent special assessment, which exempted the vast majority of community banks.

Jul 11, 2024
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Article

Comptroller lauds ICBA’s check fraud efforts

Acting Comptroller of the Currency Michael Hsu highlighted the formation of ICBA’s Check Fraud Task Force as an important step in addressing financial fraud.

Jul 11, 2024
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Article
Checks Fraud