A rule proposed in early June that recognizes the increasing frequency of use of automated valuation models (AVMs) by mortgage lenders in determining the value of property is out for comment until Aug. 21, according […]
Title: Quality Control Standards for Automated Valuation Models Subject: Residential mortgage valuation Agency: CFPB, Federal Reserve, FDIC, FHFA, NCUA, OCC Status: Proposed rule Summary: The Office of the Comptroller of the Currency (OCC), Federal […]
“A rapidly growing financial threat to military families” is how digital payment apps are being characterized by the federal consumer financial protection agency in a report released Tuesday. However, the same report also offers recommendations […]
Testimony from the president’s nominees for Federal Reserve Board terms and public discussion of the National Credit Union Administration’s operating fee schedule methodology are slated over the next two days. On Wednesday, the Senate Banking […]
The nation’s central bank on Friday published a database of financial institutions that have, or have sought, access to Federal Reserve Bank master accounts and services – not under a final regulation but under a […]
A Federal Reserve governor flatly repudiated the notion that recent interest rate increases by the agency’s rate-setting committee led to the failure of three large regional banks this past spring and other trouble in the […]
Demands to cease and desist from making false and misleading statements about federal deposit insurance was issued in letters to three firms Thursday by the Federal Deposit Insurance Corp. (FDIC). The FDIC letters to Bodega […]
A request for comment on the methodology for the agency’s operating fee schedule is slated for consideration during the National Credit Union Administration (NCUA) Board’s open meeting next Thursday, according to the meeting agenda. The […]
Banks, and regulators, dealing with potentially transformative innovations like tokenization and artificial intelligence (AI) should consider three principles: innovate in stages, build the brakes while building the engine, and engage regulators early and often, the […]
Credit unions are being warned to take action against a vulnerability in a popular file transfer application among financial institutions known as “MOVEit,” their federal regulator said Friday. According to the National Credit Union Administration […]
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