Updates to the small-entity compliance guide on the ability-to-repay/qualified mortgage (QM) rule were issued Tuesday by the federal agency for consumer financial protection. The updated guide from the Consumer Financial Protection Bureau (CFPB) reflects amendments […]
Whether to revoke or revise the “seasoned” qualified mortgage (QM) final rule issued in December is a question being mulled at the Consumer Financial Protection Bureau (CFPB), according to a statement issued Tuesday. The bureau, […]
Key provisions of a final rule creating a net stable funding ratio (NSFR) and requirement for certain banks with more than $100 billion in total consolidated assets – and set to take effect July 1 […]
Nine technical assistance videos focusing on fair lending compliance – including fair-lending risk mitigation and preparing for the regulator’s fair lending reviews – were released Tuesday by the Federal Deposit Insurance Corp. (FDIC) for supervised […]
The federal bank deposit insurer reported a total of four bank failures in 2020, with those failures estimated to have cost the deposit insurance fund a total of $99.5 million, according to the agency’s annual […]
Title: Risk-Based Net Worth – COVID-19 Regulatory Relief Subject: Risk-based net worth; COVID-19 Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is issuing this proposal to raise the asset threshold for defining a […]
Title: Corporate Credit Unions Subject: Corporate credit unions; subordinated debt Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule that amends the NCUA’s corporate credit union regulation. The final […]
A firm alleged to have engaged in a predatory scam that traps immigrants held in detention by Immigration and Customs Enforcement (ICE) into paying expensive, long-term fees is being sued jointly by the Consumer Financial […]
Five January enforcement actions released Thursday by the Office of the Comptroller included two prohibitions from future service in any insured financial institution and the assessment of a $193,105.50 civil money penalty against a bank […]
The Office of the Comptroller of the Currency (OCC) this week announced promotions of Tanya Smith and Michael (Tim) McDonald each to the position of deputy comptroller for large bank supervision and said both will […]
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