An interpretive rule explaining the consumer financial protection agency’s authority to examine financial institutions for compliance with the Military Lending Act (MLA), which confers specific consumer financial protections for active-duty military servicemembers and their families, […]
A notice of prohibition, four consent prohibition orders and an $18,000 civil money penalty (CMP) assessment were executed in May and early June by the Office of the Comptroller of the Currency (OCC), according to […]
The agency’s second-ever Diversity, Equity, and Inclusion (DEI) Summit for credit union leaders, trade and support organizations and professionals in the field will be held virtually on Nov. 2-4, the National Credit Union Administration (NCUA) […]
Updates to four sections of the Bank Secrecy Act/anti-money laundering (BSA/AML) examination manual for financial institution examiners were announced Monday by the federal financial institution regulators’ umbrella examination council. The manual, published by the Federal […]
Final rules on the current expected credit loss methodology and capitalization of interest, and action on the federal credit union (FCU) loan interest rate ceiling, are on the agenda for the June 24 open meeting […]
New delinquencies for auto loans and credit cards began to rise somewhat in the second half of 2020 but remained at or below pre-pandemic levels as of March 2021, the consumer financial protection agency said […]
Financial firms resulting from a merger will be limited to no more than approximately $2.1787 trillion in total consolidated assets under a revised financial sector liability measurement announced by the central bank that applies over […]
Data on mortgage lending transactions during 2020 at 4,475 U.S. financial institutions, collected and reported under the Home Mortgage Disclosure Act (HMDA), is available now, the umbrella Federal Financial Institutions Examination Council (FFIEC) said Thursday. […]
A preliminary analysis of the differences in lending patterns for lenders below and above the 100-loan closed-end threshold for Home Mortgage Disclosure Act (HMDA) reporting showed that lenders with the smaller volumes of loans appear […]
A notice of proposed rulemaking on financial institutions’ collection, reporting, and public disclosure of data concerning credit applications made by women-owned, minority-owned, and small businesses is among the regulatory actions anticipated by the Consumer Financial […]
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