Following the catastrophic flooding in Texas and Oklahoma, the OCC yesterday said that national banks and federal thrifts would be permitted, at their own discretion, to close branches and offices in the affected areas.
FDIC-insured banks and savings institutions earned $39.8 billion in the first quarter, up 6.9 percent from the industry’s earnings a year before, the FDIC said yesterday.
Hundreds of lawmakers wrote to the Consumer Financial Protection Bureau last week urging Director Richard Cordray to provide an enforcement grace period after the TILA-RESPA integrated disclosures take effect on Aug. 1.
The U.S. Postal Service's inspector general on Thursday released a report offering examples of how USPS could expand its financial services offerings and arguing that these services "could be extremely popular."