Lenders are reminded that the Equal Credit Opportunity Act (ECOA) and Regulation B have provisions that allow lenders to implement special purpose credit programs (SPCPs) to meet special social needs and benefit economically disadvantaged groups, […]
A bank in California and a former Iowa bank official were assessed civil money penalties (CMPs) in June by the Federal Deposit Insurance Corp. (FDIC), according to orders released Friday. On June 1, the FDIC […]
The Consumer Financial Protection Bureau (CFPB) has added two frequently asked questions (FAQs) related to Home Mortgage Disclosure Act (HMDA) reporting requirements for certain data points, the agency said Thursday. The two FAQs, dated July […]
A waiver of appraiser credentialing requirements with respect to commercial real estate transactions under $1 million throughout North Dakota would be extended for one more year if the Federal Financial Institutions Examination Council (FFIEC) approves […]
A proposed rule to revise how federal credit union (FCU) assets are calculated for operating fee assessment purposes and another on the methodologies used in setting the agency’s operating fee schedule and overhead transfer rate […]
A proposal that would phase in over three years the “day one” adverse effects on credit unions’ regulatory capital under the “current expected credit losses” (CECL) accounting standard, but which would exempt small credit unions […]
A federally chartered credit union will once again be able to seek to serve a combined statistical area (CSA) as a “well-defined” local community if that area has a population no greater than 2.5 million […]
The Federal Reserve’s temporary U.S. dollar liquidity swap lines and temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) established in March to help ease the effects on funding markets from […]
Queuing up Thursday’s planned action regarding the credit loss accounting standard, National Credit Union Administration (NCUA) Board Chairman Rodney Hood told a credit union group Wednesday that he remains concerned about the standard’s potential impact […]
A webinar for credit unions, “Export Financing for Your Small Business Members,” will be hosted Aug. 19 by the National Credit Union Administration (NCUA) and feature Export-Import Bank staff providing a look at the bank’s […]
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