The coronavirus crisis Thursday claimed yet another victim: the effort by the federal insurer of bank deposits to modify its signage and advertising requirements. In a release, the Federal Deposit Insurance Corp. (FDIC) said it […]
“Federal disclosure computational tools” for financial institutions to use in figuring compliance with anti-redlining rules, and mortgage disclosure requirements, were made available Thursday by the umbrella group for federal financial institution regulators. In separate releases, […]
The permanent threshold for collecting and reporting data about closed-end mortgage loans will be 100 loans – up from 25 loans – as of July 1 under a final rule issued by the federal consumer […]
The facility aimed at supporting the paycheck protection program (PPP) loan program by extending credit to financial institutions that make PPP loans – using the loans as collateral – is now “fully operational” and available […]
Lending activity was mixed at banks in different regions around the country over the last six weeks, according to the latest report on economic and financial activity from the Federal Reserve’s 12 district banks, released […]
Temporary deferrals on real estate-related appraisals and evaluations under federal banking agencies’ interagency appraisal regulations were issued late Tuesday for up to 120 days. The National Credit Union Administration (NCUA) Board is considering a similar […]
Certain coronavirus relief payments from the government will not be considered “government benefits” and thus may be issued to consumers via prepaid cards, according to an interpretive rule issued Monday by the federal consumer financial […]
Drawing attention to the cybersecurity risks associated with the increasing incidence of remote work, conference calls, and video meetings during the coronavirus crisis, a “risk alert” was issued Tuesday by the federal credit union regulator […]
Eliminating the six-month waiting period for new members to receive a loan is one of several “enhancements” for the lending arm of the federal credit union regulator that was approved by the agency’s board Monday. […]
On-balance sheet amounts of U.S. Treasury securities and deposits at Federal Reserve Banks will – temporarily – no longer be counted in the calculation of the supplementary leverage ratio for the capital rule issued by […]
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