A proposed rule aimed at clarifying and codifying the role of supervisory guidance from federal financial institution regulators was adopted by the credit union regulator on Wednesday, as that agency joined federal banking agencies in […]
The decline in complaints it received related to private or federal student loans from Sept. 1, 2019, to Aug. 31, 2020, continued a trend from 2017 but is not likely attributable to just one factor, […]
Washington Federal Bank, N.A., already under a 2013 consent order addressing violations of Home Mortgage Disclosure Act (HMDA) reporting requirements, must pay a $200,000 civil money penalty and beef up its compliance management related to […]
The first of what will be semiannual reports on interest rate risk (IRR) data collected during examinations of banks supervised by the agency’s midsize and community bank supervision department was released Tuesday by the Office […]
Determining when a bank is a “true lender” within the context of a partnership between it and a third party is the focus of a final rule issued Tuesday by the federal regulator of national […]
Title: Threshold for the Requirement To Collect, Retain, and Transmit Information on Funds Transfers and Transmittals of Funds That Begin or End Outside the United States, and Clarification of the Requirement To Collect, Retain, and […]
Three interim final rules in place since the spring to mitigate the effects on capital and the liquidity coverage ratio (LCR) in banks making use of certain Federal Reserve emergency funding facilities have been adopted […]
Diversity, accountability, and safety and soundness of financial institutions during the coronavirus crisis will be topics when federal financial institution regulators appear before the House Financial Services Committee Nov. 12, the committee chair announced Tuesday. […]
Changes to the supervisory calculation for credit concentration ratios for banks that have implemented new current expected credit loss (CECL) accounting rules are included in the latest version of the Comptroller’s Handbook released Monday by […]
A consent order filed Monday by the consumer financial protection agency requires Low VA Rates LLC, a mortgage lender and broker licensed in 48 states and the District of Columbia, to pay a $1.8 million […]
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