Provisions of a final rule exempting more institutions from a requirement to establish escrow accounts for certain higher-priced mortgage loans (HPMLs) are reviewed for credit unions in a regulatory alert issued Wednesday by the National […]
A webinar slated March 24 by the federal regulator of credit unions will focus on potential areas of risk for credit unions resulting from the COVID-19 pandemic, the agency said in a release Wednesday. The […]
Emphasizing the importance of inclusivity within the credit union community to blunt the economic effects of the pandemic, the chairman of the federal credit union regulatory agency on Tuesday encouraged credit unions to submit applications […]
A recent report by the federal agency charged with financial consumer protection provides a window into some of the actions currently underway – including a potential update of the model privacy form explaining information-sharing to […]
The Servicemembers Civil Relief Act (SCRA) booklet of the Comptroller’s Handbook – which covers examination procedures focused on the law’s consumer protections for military servicemembers – has been revised by the Office of the Comptroller […]
A lawsuit filed in Wednesday by the Consumer Financial Protection Bureau (CFPB) alleges that Chicago-based BrightSpeed Solutions Inc. and its founder and former chief executive officer, Kevin Howard, knowingly processed payments for companies engaged in […]
Sixty-two banks were assigned ratings of “satisfactory” in December for their efforts under the Community Reinvestment Act (CRA), with another three rated “outstanding” and three more rated “needs to improve,” according to information released Thursday […]
Credit union assets grew 17.7% to a total of $1.84 trillion during 2020 – more than double the rate of growth the prior year – driven largely by a rapid rise in deposits amid the COVID-19 […]
A statement recognizing the 158th anniversary of the National Currency Act and the 156th anniversary of the Freedman’s Savings and Trust Company was issued to agency staff Wednesday by Acting Comptroller of the Currency Blake […]
The COVID-19 pandemic’s ongoing economic effects on business and consumers is continuing to keep the attention of credit unions’ federal regulator, which is monitoring credit unions in certain sectors and working to ensure its own […]
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