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NEXT WEEK: Powell remarks after FOMC meet; FDIC vote on CBLR; payday (PALs II) rule for CUs; 2nd CFPB symposium

September 13, 2019 0

A vote on a final community bank leverage ratio (CBLR), a press conference featuring Federal Reserve Board Chair Jerome (“Jay”) Powell (following the close of a monetary policy setting session), and action on a revised payday alternative loan (PAL) program [...]
Bureau notes GAP insurance in auto loans, poor credit card disclosures in supervisory highlights

September 13, 2019 0

Automobile loan originations, credit card account management, debt collection, information furnishing, and mortgage originations that were generally completed between December 2018 and March 2019 are outlined in the latest issue of the federal consumer financial protection agency’s “supervisory highlights,” released [...]
Grants of $1.9 million aim to assist 155 low-income credit unions

September 13, 2019 0

Help for 155 low-income credit unions in the form of $1.9 million in grants will be provided by the federal regulator of credit unions to assist in outreach to underserved communities, improving digital services and security, and training employees, the [...]
Six bank receiverships terminated, two pending, FDIC says

September 13, 2019 0

The federal bank deposit insurer on Sept. 1 terminated six bank receiverships, stating in a Federal Register notice that it “has fulfilled its obligations and made all dividend distributions required by law.” The six just-terminated receiverships were for County Bank, Merced, [...]
Agency updates, with mid-year numbers, annual summary of deposits at bank, thrift branches

September 13, 2019 0

Deposit totals for the more than 86,000 branches of the nation’s 5,300 banks and thrifts (and U.S. branches of foreign banks) are detailed in the annual survey of federally insured banks and thrifts as of June 30 released Friday by [...]

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