A set of questions, with answers, regarding the acceptance of flood insurance policies issued by private insurers is out for a 60-day comment period ending about May 17. The private flood insurance Q&A was issued […]
A student loan debt relief company, its owner, and manager charged some 3,300 consumers more than $3.5 million illegal up-front fees in violation of the Telemarketing Sales Rule (TSR) from 2015 to 2019, the consumer […]
A failed-bank review of fhe $136-million First City Bank of Florida, closed last October, shows that a growth strategy centered on commercial real estate, a lack of proper control risk mitigation, and poor credit underwriting […]
Title: Equal Credit Opportunity (Regulation B); Discrimination on the Bases of Sexual Orientation and Gender Identity Subject: ECOA, Reg B Agency: CFPB Status: Interpretive rule Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing […]
A quarterly U.S. “map review” by the federal credit union regulatory agency calculates the median levels of asset growth, loan growth, share growth, and other trends among federally insured credit unions (FICUs) during the four […]
Two interim final rules – one on the agency’s Central Liquidity Facility, the other on asset thresholds pertaining to large credit unions – are slated for action next Thursday by the National Credit Union Administration […]
A policy announced during the Trump administration that limited the extent of the consumer financial protection agency’s response to certain abusive acts or practices affecting consumers was rescinded Thursday, the agency announced. In a release, […]
President Joe Biden’s nomination of Rohit Chopra to be director of the Consumer Financial Protection Bureau (CFPB) drew a tie vote by the Senate Banking Committee Wednesday, 12-12, and now awaits Senate action. If confirmed, […]
Twenty-four questions and answers addressing the private flood insurance provisions of the 2012 Biggert-Watters Flood Insurance Reform Act were proposed Thursday by federal financial institution regulators. The proposal – issued jointly by the Farm Credit […]
An advisory committee of state regulators will get an update on the federal bank deposit insurer’s office of innovation activities, discuss state-federal coordination, and receive a report on community banking and agricultural lending when it meets […]
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