Big banks with large amounts of uninsured deposits would mostly pay a special assessment meant to cover the costs to the federal bank deposit insurance agency for protecting uninsured depositors with accounts in two failed, […]
A proposal to prescribe ability-to-repay rules for Property Assessed Clean Energy (PACE) financing, with Truth-in-Lending Act (TILA) civil liability provisions applicable for violations, is out for comment until July 26, according to a consumer bureau […]
An interim final rule that, effective May 15, revises Regulation Z, which implements the Truth in Lending Act (TILA), in conformance with the transition away from the London Interbank Offered Rate (LIBOR) as an index […]
Climate change is real, but it does not pose “a serious risk to the safety and soundness of large banks or the financial stability of the United States,” a member of the Federal Reserve Board […]
Title: Residential Property Assessed Clean Energy Financing (Regulation Z) Subject: PACE financing; Reg Z Agency: CFPB Status: Proposed rule Summary: Section 307 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) directs […]
Title: Facilitating the LIBOR Transition Consistent With the LIBOR Act (Regulation Z) Subject: LIBOR; Reg Z Agency: CFPB Status: Interim final rule; request for public comment Summary: The Consumer Financial Protection Bureau (CFPB or […]
A bank may violate federal law if it unilaterally reopens a deposit account to process transactions after a consumer has already closed it, according to guidance issued Wednesday by the federal consumer financial protection agency. […]
Banking sector stress and commercial and residential real estate (CRE, RRE) showed the largest growth in anticipated risk to U.S. financial stability, according to results of a survey by the Federal Reserve of conducted earlier […]
Tighter standards and weaker demand for commercial and industrial (C&I) loans and commercial real estate loans were reported by bank senior loan officers in the year’s first quarter, according to results of a survey released […]
More than $22 million will be distributed to about 6,500 consumers who were allegedly harmed by a Maryland-based debt relief and credit repair company, the federal consumer financial protection agency said Friday. In a post […]
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