The federal credit union regulator’s inspector general (IG), in a recent report, said an audit by KPMG of the agency’s schedule of other assets and contributed capital as of Sept. 30, 2020, found that the […]
A Senate vote on confirmation of the president’s nomination of Judy Shelton to a seat on the Federal Reserve Board could come as early as Tuesday or Wednesday, with approval of the controversial figure considered […]
Eased regulatory reporting requirements and potential Community Reinvestment Act (CRA) credit for institutions working with those affected by severe storms and flooding in Puerto Rico were announced Monday by the Federal Deposit Insurance Corp. (FDIC). […]
The 2021-2022 draft budget for the federal credit union regulator – totaling $342.5 million in 2021 and $364.2 million in 2022 – has been published online, is the subject of a public budget briefing scheduled […]
A non-bank, Illinois-based debt collector that specializes in collecting debt on behalf of telecommunications companies and furnishes information to consumer reporting agencies (CRAs) was assessed a $500,000 civil money penalty over findings that it violated […]
A final rule that removes a previous requirement that state-chartered, federally insured nonmember banks applying for new branches or offices, or seeking to relocate them, address compliance with historic preservation and environmental statutes takes effect […]
A proposed rule on capitalization of interest related to the agency’s rules for credit union share insurance is slated for consideration next Thursday by the National Credit Union Administration (NCUA) Board, according to the published […]
A final rule updating the federal credit union regulator’s corporate credit union regulation is set to take effect Dec. 14, according to a notice Thursday in the Federal Register. The final rule, approved by the […]
A review of information furnishing to consumer credit reporting agencies over the past eight years shows a steady increase in actual payment furnishing for installment loan products but a significant decline in such information furnishing […]
A report looking at debt delinquencies of young servicemembers leaving active duty show credit defaults and other “derogatories” are more likely to occur in the six months after separation for those who served at least […]
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