An update to the filing instructions guide (FIG) for data collected in 2021 and reported in 2022 under the Home Mortgage Disclosure Act (HMDA) was announced Monday by the Consumer Financial Protection Bureau (CFPB). The […]
Rodney Hood, the current chairman of the National Credit Union Administration (NCUA) Board, issued a brief statement Monday thanking J. Mark McWatters, who resigned Friday, for his service on the board. “Board Member Mark McWatters’ […]
Banks should provide access to services, capital, and credit based on the risk assessment of individual customers – including oil and other energy companies – rather than broad-based decisions affecting whole categories or classes of customers, […]
Misleading statements about what customers in an auto payment program would pay have earned the Florida company that ran the program and its owner a settlement with the consumer financial protection agency over charges of […]
Community banks that saw a surge of deposits during the coronavirus crisis – spurred in some cases by customers who received stimulus checks or funding through the Paycheck Protection Program – will receive some regulatory […]
Two owners of a now-dissolved Illinois firm that promised to provide student-loan relief and credit repair services were sued Friday by the federal consumer financial protection bureau, which charged them with violating federal consumer law […]
Work needs to accelerate early next year to move away from an obsolete reference rate used as a benchmark in some loans, a report issued Friday by an international group of financial regulators said, noting […]
Federally chartered credit unions may adopt or continue following a special bylaw authorized by their regulatory agency to facilitate remote annual membership, board, or special membership meetings in 2021, the agency said in a letter […]
The designated reserve ratio (DRR), or target reserve ratio, for the federal fund that insures deposits in banks in 2021 will remain where it’s been since 2010 – at 2%, the Federal Deposit Insurance Corp. […]
Although only about 2.3% of federally insured credit unions responded to its voluntary diversity self-assessment survey in 2019, the federal credit union regulator heralded Friday the fact that participation in the survey has grown 46% […]
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