Title: CAMELS rating system Subject: CAMELS Agency: NCUA Status: Final rule Summary: The NCUA Board (the Board) is updating the NCUA’s supervisory rating system from CAMEL to CAMELS by adding the “S” (Sensitivity to Market […]
The Paycheck Protection Program Liquidity Facility (PPPLF) has been extended to June 30, the Federal Reserve said Monday, while other facilities set up by the agency in response to the coronavirus crisis last year will […]
A recent report by the federal agency charged with financial consumer protection provides a window into some of the actions currently underway – including a potential update of the model privacy form explaining information-sharing to […]
While the accelerating rollout and inoculations of COVID-19 vaccinations are raising economic optimism in some districts across the country, some challenges remain for financial institutions in non-mortgage lending as deposits continue to rise, according to […]
The Servicemembers Civil Relief Act (SCRA) booklet of the Comptroller’s Handbook – which covers examination procedures focused on the law’s consumer protections for military servicemembers – has been revised by the Office of the Comptroller […]
A lawsuit filed in Wednesday by the Consumer Financial Protection Bureau (CFPB) alleges that Chicago-based BrightSpeed Solutions Inc. and its founder and former chief executive officer, Kevin Howard, knowingly processed payments for companies engaged in […]
Sixty-two banks were assigned ratings of “satisfactory” in December for their efforts under the Community Reinvestment Act (CRA), with another three rated “outstanding” and three more rated “needs to improve,” according to information released Thursday […]
Credit union assets grew 17.7% to a total of $1.84 trillion during 2020 – more than double the rate of growth the prior year – driven largely by a rapid rise in deposits amid the COVID-19 […]
The mandatory compliance date of the general qualified mortgage (QM) final rule would be delayed 15 months (from July 1, 2021, to Oct. 1, 2022) under a proposal issued Wednesday by the federal consumer financial […]
Watching closely to determine what additional support may be needed for smaller credit unions and minority depository institutions in the months to come as they face the continuing coronavirus crisis will be a priority for […]
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