A 24-year veteran of the federal credit union regulator has been promoted to oversee the agency’s facility for handling problem assets it has acquired from operating and liquidated credit unions, the agency said Thursday. The […]
Bank overdraft fee income has dropped precipitously since before the onset of the coronavirus crisis, according to a federal consumer financial protection agency report issued Tuesday – and banks have not yet replaced that income […]
Regulators need to understand both human decision-making and market context in designing the right rules of the road for ensuring financial inclusion, the Federal Reserve’s top supervisor said at a conference Tuesday. Speaking at a […]
Guidance to address some primary related risks of working with credit union service organizations (CUSOs) is outlined in a letter from the federal credit union regulator issued late Monday. In a letter to all institutions […]
Tighter lending standards, and weaker demand, were reported during the fourth quarter for commercial and industrial (C&I) loans to businesses, while lending standards for households during the same period were tighter or remained the same […]
The supervisory approach for the new, lower reporting threshold of 25 closed-end mortgage loans was outlined Friday by two regulators – one for banks, one for credit unions – who both indicated limited action, if […]
No banks received a “needs improvement” or “substantial noncompliance” ratings in their anti-redlining evaluations released Thursday by the national bank regulator. Seven of the evaluations, out of 31 released, were “outstanding” ratings, the agency said. […]
An information technology (IT) exam program for banks adopted just about seven years ago is now “outdated” and in need of major changes in procedures, according to a report issued Wednesday by the inspector general […]
Guidance for complying with the new threshold for reporting closed-end mortgage loans, now at 25 originated in each of the two preceding calendar years, was issued Wednesday by the regulator of national banks In a […]
Fees would be capped at $8 for credit card payments made late, and an annual inflation adjustment would be eliminated, under a proposal issued Wednesday by the federal consumer financial protection agency. The advance notice […]
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