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FDIC emphasizes impact of largest banks on 2024 budget

The FDIC board of directors approved the agency’s 2024 operating budget while citing the disproportionate cost of overseeing the largest and riskiest banks.

Dec 21, 2023
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Article

ICBA Urges Congress to Override Veto of Resolution Scrapping Onerous Small-Business Reporting Rule

ICBA today expressed opposition to President Joe Biden’s veto of a bipartisan resolution that would nullify the Consumer Financial Protection Bureau’s Section 1071 small-business data collection...

Dec 20, 2023
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Article
Consumer Financial Protection Bureau (CFPB) Compliance

Navy Federal faces lawsuit following reports of discriminatory lending

Plaintiffs this week filed a class-action lawsuit against Navy Federal Credit Union following last week’s CNN report of the credit union’s wide racial disparities in mortgage approval rates.

Dec 20, 2023
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Article
Credit Unions

Key lawmaker to Navy Federal: Explain report on lending disparities

House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) said Navy Federal Credit Union must explain itself to Congress following last week’s CNN report of its wide racial...

Dec 19, 2023
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Article
Federal Housing Finance Agency