Findings last year of four types of legal violations that the federal consumer financial protection agency found “particularly concerning” were highlighted in a release Tuesday based on the agency’s summer 2021 Supervisory Highlights report. The […]
The performance of first-lien mortgages declined in the first quarter of 2021, with 94.2% of mortgages included being current and performing at the end of the quarter, down from 96.5% a year earlier due to […]
U.S. commercial banks and savings associations reported $10.5 billion in trading revenue for the first quarter of 2021, up $4.2 billion, or 65.9%, from the previous quarter, the Office of the Comptroller of the Currency […]
The 23 banks that participated in the 2021 stress tests by the Federal Reserve demonstrated continued strong capital levels and the continued ability to lend during a hypothetical severe recession, the Fed said Thursday. It […]
A rule that removes the prohibition on federally insured credit unions’ (FICUs) financing of interest in connection with loan workouts and modifications was approved Thursday on a unanimous, 3-0 vote of the National Credit Union […]
Federally insured credit unions (FICUs) will be able to phase in over a three-year period the day-one adverse impacts on net worth of the current-expected-credit-loss (CECL) accounting standard under a final rule approved Thursday by […]
The loan interest rate ceiling for loans by federal credit unions will remain at 18% through March 10, 2023, under action taken by unanimous vote Thursday by the National Credit Union Administration (NCUA) Board – […]
An initiative of the nation’s central bank to glean feedback from groups and communities that has informed its policy discussions will continue in 2021, focusing on input from individuals, households, and communities about the economic […]
Title: Examinations for Risks to Active-Duty Servicemembers and Their Covered Dependents Subject: MLA examinations Agency: CFPB Status: Interpretive ruleProposed rule Summary: The Bureau of Consumer Financial Protection (Bureau) has statutory authority to conduct examinations, at […]
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, […]
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