Chester County News and Community Website
In an effort to protect its reputation and the public’s trust, the Federal Deposit Insurance Corporation (FDIC) Board of Directors recently voted for a final rule to update the regulations …
FDIC Introduces New Regulations to Guard Its Name, Logo from Misuse Read More
The Consumer Financial Protection Bureau (CFPB) recently released a report revealing that despite recent changes by banks and credit unions to eliminate overdraft and nonsufficient fund (NSF) fees, a significant …
CFPB Report Reveals Unexpected Overdraft Fees Still Catching Consumers Off Guard Read More
A recent report by the Consumer Financial Protection Bureau (CFPB) has unveiled concerning details about college-sponsored financial products. The study found that many of these products, often recommended to students …
College-Sponsored Financial Products Often Carry High Fees, CFPB Report Reveals Read More
The Consumer Financial Protection Bureau (CFPB) has ordered U.S. Bank to pay nearly $21 million after it prevented out-of-work consumers from accessing their unemployment benefits during the COVID-19 pandemic peak. …
U.S. Bank Ordered to Pay $21 Million for Blocking Unemployed Consumers from Accessing Benefits Read More
In the wake of several large domestic systemically important banks (DSIBs) failing nine months ago, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has underscored the importance of regulatory authorities …
CFPB Director Emphasizes Need for Regulatory Action to Protect Financial Stability in Annual Report Read More
Atlantic Union Bank has been ordered by the Consumer Financial Protection Bureau (CFPB) to refund at least $5 million in illegal overdraft fees and pay a $1.2 million penalty to …
Atlantic Union Bank Faces $1.2M Penalty for Illegal Overdraft Practices Read More
The Director of the Consumer Financial Protection Bureau (CFPB), Rohit Chopra, made a statement on Friday emphasizing the need for greater market discipline in the shadow banking sector. He highlighted …
CFPB Director Rohit Chopra Calls for Stricter Oversight of Shadow Banking Sector Read More The Consumer Financial Protection Bureau (CFPB) recently published an analysis of the Community Reinvestment Act (CRA) laws in seven states and the District of Columbia. The report provides insights into …
CFPB Report Sheds Light on State Community Reinvestment Act Laws and their Impact on Local Financial Institutions Read More
The American Express second edition of the Small Business Financial Confidence Report offers a deep and intriguing insight into the dynamic and ever-evolving landscape of small businesses in today’s market. …
The Evolving Financial Confidence of Small Businesses: A Deep Dive Read More
Op-Ed by Rory Ritrievi, president and CEO of Mid Penn Bank When Central Pennsylvanians see two of the largest bank failures in American history occurring mere days apart, it’s understandable …
Get to Know Your Community Bank Read More