Extension of deadlines to 2021 for filing the next round of “living wills” for nearly 100 large banks – mostly foreign, and some domestic – was announced Friday by federal banking regulators, as the agencies said the […]
Comments on two controversial proposals by the federal regulator of credit unions are due, and the chair of the Federal Reserve meets the press about interest rates and (likely) other issues regarding the Fed – […]
Clear communication from the Consumer Financial Protection Bureau (CFPB) and the federal banking regulators on appropriate use of alternative data in the underwriting process would bring fintech lenders greater certainty about their compliance with fair […]
In an unusual proposal, five debt collectors will settle a complaint with the federal consumer financial protection bureau by agreeing to be banned from the industry and pay fines and redress of $60 million. But […]
Registration is open for the 2019 Bank Research Conference, Sept. 13-14, in Arlington, Va., the Federal Deposit Insurance Corp. (FDIC) said Wednesday. The two-day conference, sponsored by the FDIC’s Center for Financial Research and the Journal […]
Supervision modernization, minority and community development financial institutions, de novoinstitutions and financial education are all on the agenda for the community banking advisory committee for the federal insurer of bank deposits when it meets July […]
Four of the five federal financial institution regulators are named as in compliance with requirements that they report on inflation adjustments to civil money penalties (CMP), according to a Government Accountability Office (GAO) report issued […]
Banks with significant and far-reaching retail-oriented business activities should have well-documented fraud risk management programs with appropriate monitoring, measurements and reporting, and mitigation, the regulator of national banks advised in a bulletin Wednesday. The Office […]
Banks originating mortgage loans using asset dissipation underwriting (ADU) should develop and implement policies, processes, and control systems for the underwriting “in a manner consistent with safe and sound banking practices set forth in existing […]
Title: Real Estate Appraisals Subject: Appraisals Agency: NCUA Status: Final rule Summary: The NCUA Board is amending the agency’s rule requiring real estate appraisals for certain transactions. The final rule accomplishes four objectives: increasing the […]
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