The fund that insures member savings in federally insured credit unions had $46.3 million in net income and $19.8 billion in assets in the second quarter of 2021, but the fund’s operating level remained well […]
A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule taking effect Jan. 1 – was approved unanimously […]
Three final rules will be taken up – one each from October through December – affecting permissible activities by credit union service organizations (CUSOs), the definition of shared facilities, and the purchase of mortgage servicing […]
Whoever becomes the top regulatory supervisor for the Federal Reserve in the coming months can apparently count on the support of the current board chair in that position, as indicated in remarks Wednesday. During a […]
Rohit Chopra’s nomination to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) is ready for Senate action following the chamber’s vote Tuesday to discharge the nomination from the Senate Banking Committee. […]
Two booklets issued Wednesday as part of the Comptroller’s Handbook, the national bank regulatory agency’s supervision handbook used by the agency’s examiners, replace booklets published in March 1990 on income and expenses and on regulatory […]
Updated rosters of members for four advisory councils of the federal consumer financial protection agency were published Wednesday, the result of an application process that began at year’s start. The Consumer Financial Protection Bureau (CFPB) […]
“Reputable members” of the U.S. blockchain and cryptocurrency industry have the opportunity to avoid the troubles that beset past financial innovations – such as the derivative industry – by looking to the past, particularly the […]
Two advisory committees to the federal insurer of bank deposits – one made up of state financial institution regulators, the other focused on economic inclusion matters – are slated to meet virtually in open session […]
A California-based software company that helps credit repair businesses allegedly charge illegal fees now faces a lawsuit from the federal consumer financial protection agency for harming consumers and violating federal telemarketing sales rules, the agency […]
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