Banks had mixed financial results in the third quarter, easily outdistancing performance from a year ago (when the coronavirus crisis was raging) but slipping from last quarter, according to call report data released Tuesday. The […]
New debt collection rules adopted by the federal consumer financial protection agency went into effect Tuesday, the agency noted in a blog entry laying out five key points to know about the regulation. According to […]
A total of 308 banks across the United States are on the Federal Deposit Insurance Corp.’s (FDIC) Community Reinvestment Act (CRA) evaluation schedules for the first and second quarters of 2022, according to information released […]
Amounts above, or below, which certain federal disclosure, interest rate, fee, and other requirements and limitations apply for consumer leases, consumer credit, and higher-priced mortgage loans (HPMLs) are revised up nearly 5% for 2022 under […]
Two former workers were barred from ever working again in a credit union – or any federally insured financial institution – after both agreed to accept terms of orders issued by the federal credit union […]
Analysis of central bank digital currencies (CBDCs), and their uses, will be aided by the just-opened New York Innovation Center, the chair of the Federal Reserve said Monday in opening the new facility. Federal Reserve […]
Nearly 200 national banks and federal savings associations are expected to receive evaluations under the anti-redlining Community Reinvestment Act (CRA) during the first and second quarters of 2022, according to the schedule released Monday by […]
A 50-cent increase in the maximum allowable fee that a nationwide consumer reporting agency or nationwide specialty consumer reporting agency can charge consumers for their credit reports will raise next year’s fee maximum to $13.50, […]
Congress should make permanent to the fund that backs up credit union liquidity temporary enhancements that were made in response to the coronavirus crisis, the members of the federal credit union regulator board wrote Monday. […]
A final rule that broadens the definition of a federal credit union (FCU) “service facility” in connection with the addition of groups to the institution’s field of membership is scheduled to take effect Dec. 27, […]
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