Fred. R. Becker Jr., president and CEO of the National Association of Federal Credit Unions, on Sept. 28, 2011, submitted comments to the Federal Reserve Board's Jennifer Johnson on its interim final rule on the fraud adjustment for debit card interchange fees.
The Financial Crimes Enforcement Network [FinCEN] reported in its Second Quarter 2011 Analysis of mortgage loan fraud suspicious activity reports [MLF SARs] that financial institutions filed 29,558 MLF SARs in the second quarter of 2011, up from 15,727 MLF SARs reported in the same quarter of 2010.
NCUA Executive Director David Marquis testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit on the availability of credit for and lending to people who primarily use alternative financial services, also called the underbanked.
The Federal Financial Institutions Examination Council announced the availability of data on mortgage lending transactions at 7,923 U.S. financial institutions covered by the Home Mortgage Disclosure Act.