The most frequently cited violations of consumer protection laws and rules in 2021, as well as other consumer compliance examination observations, are outlined in the latest publication of supervisory highlights issued Thursday by the federal […]
A former employee of Newark Firemen Federal Credit Union, Newark, N.J., has been prohibited from any future involvement in the affairs of a federally insured depository institution under a consent order announced Thursday by the […]
More than 100 technical assistance grants, totaling $1.6 million, were awarded by the federal credit union regulator to small institutions in 2021 – but that covered only about one-third of the requests for assistance it […]
The federal bank deposit insurer will take comments from the public until May 31 on its request for information (RFI) regarding the agency’s regulatory framework on bank merger transactions, according to a notice Thursday in […]
Title: Request for Information and Comment on Rules, Regulations, Guidance, and Statements of Policy Regarding Bank Merger Transactions Subject: Bank mergers Agency: FDIC Status: Request for information and comment Summary: The FDIC is soliciting comments […]
The current expected credit losses (CECL) accounting standard has been updated with expanded disclosures and improved accounting, particularly for troubled debt restructurings (TDRs) for those that have adopted the standard and gross writeoffs of vintage […]
The Consumer Compliance Examination Manual (CEM) published by the federal bank deposit insurer has been updated in the areas addressing qualified mortgage (QM) rules, lending equal credit opportunity rules, Community Reinvestment Act (CRA) requirements, and […]
Actions related to compliance with anti-redlining requirements and home mortgage lending reporting – updated guidance and a limited flat file — were taken Wednesday by the umbrella group for federal financial institution regulators. The Federal […]
A $1 million civil money penalty (CMP) has been assessed against a student loan servicer for allegedly deceiving borrowers about public student loan forgiveness, the federal consumer financial protection agency said Wednesday. The penalty against […]
Management of exposures to climate-related financial risks at large banks are the focus of draft principles to provide a high-level regulatory framework under a proposal issued Wednesday by the federal bank deposit insurance agency. Comments […]
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