by Ken Chase | Feb 14, 2024 | Banks, News
A group of industry organizations have filed suit to block regulators’ new Community Reinvestment Act rules. According to the plaintiffs in the case, regulators are exceeding their authority with the proposed rules. Additionally, the plaintiffs argue that the new CRA...
by Ken Chase | Feb 3, 2024 | Banks, News
New York City is suing the Federal Deposit Insurance Corporation (FDIC) over $44 million in overdue taxes Signature Bank taxes. According to Bloomberg, the suit was filed in a Manhattan federal court on Monday. The suit targets the FDIC in its role as the failed...
by Ken Chase | Jan 5, 2024 | Banks, News
According to Bloomberg, large lenders earned roughly $3 billion from financing so-called “green” projects last year. Meanwhile, lenders reportedly made less than $2.7 billion from the financing of energy projects involving gas and oil. That marks the second...
by Ken Chase | Dec 14, 2023 | Banks, News
A new report from CNBC highlights ongoing concerns about mortgage pricing discrimination throughout the banking industry. The reported discrimination was unveiled by a Consumer Financial Protection Bureau (CFPB) probe into the industry. Notably, the review suggested...
by Ken Chase | Dec 2, 2023 | Banks, News
A special committee is being tasked with addressing recent FDIC toxic workplace allegations. That’s according to an announcement from the regulatory body. Federal Deposit Insurance Corporation Chair Martin Gruenberg has promised to make the agency’s alleged toxic...
by Ken Chase | Nov 25, 2023 | Banks, News
A group of Wells Fargo workers has filed a petition seeking a bank unionization vote. The petition, filed by employees at the bank’s Bethel AK and Albuquerque NM branches, notified the National Labor Relations Board of the groups plan to hold an election to unionize...
