Credit risk associated with leveraged lending remains elevated, with lenders having have fewer protections and risks having increased in leveraged loan terms since the last recession, according to a report released jointly Friday by the […]
A webinar on the “standardized approach for counterparty credit risk” (SA-CCR), a new risk-based capital approach for calculating the exposure amount for derivative contracts, will be hosted by the federal insurer of bank deposits Feb. […]
Automatically denying consumers’ billing error notices – and claims of unauthorized use in certain circumstances – earned a Rhode Island bank a lawsuit from the federal consumer financial protection agency with eight counts of violations […]
Seven former credit union employees were barred from any future involvement in the affairs of a federally insured financial institution under six prohibition notices and one order issued in January, according to a release Friday […]
A supervisory matter is the sole agenda item published for a Feb. 6 special meeting announced Thursday for the National Credit Union Administration (NCUA) Board. The meeting is set for 10 a.m. in the board […]
A compliance review of Illinois’ real estate appraiser program is slated for discussion and action Feb. 12 during an open meeting of the federal panel that oversees state appraiser certification programs. The meeting of the […]
Michelle W. (“Miki”) Bowman took the oath for a second term on the Federal Reserve Board Thursday – the day before her current term expired. Bowman – sworn in by Federal Reserve Board Chair Jerome […]
An updated list of consumer reporting companies was published Thursday by the federal consumer financial protection agency, which the agency said can be filtered and searched online. “You know your credit report is important, but […]
A final rule removing a disclosure requirement by amending the “safe harbor” for financial assets transferred in connection with a securitization transaction was approved by the board for the federal insurer of bank deposits Thursday, […]
A proposed rule to add regulatory language governing credit unions’ acquisitions of bank assets has a public comment deadline of March 30, according to a notice in Thursday’s Federal Register. The proposal, released Jan. 23 […]
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