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The Register

Treasury reviewing garnishment info collection

January 3, 2017 0

Collection of information related to garnishment of accounts containing federal benefit payments is under review by the Treasury, with comments due by March 6. The review is part of Treasury’s routine “paperwork and respondent burden” […]

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CRA threshold increases to $1.2 billion

January 2, 2017 0

“Small banks” are defined as those with assets of less than $1.226 billion, and “intermediate small banks” (or savings associations) are defined as those with assets of at least $307 and less than $1.226 billion, […]


Collecting on debt already paid leads complaints

January 2, 2017 0

Attempts to collect on a debt that has already been paid is the source of the most common complaint about collections, according to the CFPB’s latest monthly complaint snapshot released Dec. 27. According to the […]


FAQs outline advance steps to take for CECL

January 2, 2017 0

Suggested steps for management to consider in preparation for implementation of the new current expected credit loss (CECL) accounting standard are among the items listed in a “frequently asked questions” document issued Dec. 19 by […]

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