While stress test results scheduled to be released next week will be based on a scenario developed before the financial impact of the coronavirus crisis was evident, the analysis the Fed performs of the results […]
On-site, voluntary examinations of credit unions will be phased in, reportedly beginning as soon as early next month, their federal regulator said in a letter Thursday. In its Letter to Credit Unions 20-CU-20, “Phased Approach […]
There are 514 federally insured credit unions nationwide with a “minority depository institution” (MDI) designation, counting 3.9 million members and holding assets of $40.5 billion, their federal regulator said Friday in releasing its 2019 annual […]
A proposed rule on risk-based net worth (RBNW) will be considered by the National Credit Union Administration (NCUA) Board when it gathers next week for its June open monthly meeting, according to an agenda posted […]
A “substantial fraction” of respondents to the Federal Reserve’s June survey of senior credit officers on dealer financing terms indicated having tightened price and nonprice terms on securities financing transactions and over-the-counter (OTC) derivatives across […]
The agency charged with consumer financial protection has updated its small-entity compliance guide on remittance transfers that incorporates May 2020 revisions to the agency’s remittance rule. The guide, published by the Consumer Financial Protection Bureau […]
New tools and materials to help payments system participants be consistent in how they classify fraudulent activity – in turn promoting consistency across the payments industry – were launched Thursday by the central bank. The […]
Unsure how a rule from the federal consumer financial protection agency affects you? Starting Thursday, under a new pilot program from the agency, you can submit a request for clarity “where uncertainty exists.” In a […]
Some credit unions are on the cusp of receiving an estimated nearly $3 billion in distributions of membership capital, paid-in capital and liquidating dividends resulting from the liquidations of five failed corporate credit unions, outgoing […]
A bulletin that reminds banks that federal laws and rules governing their activities, including any relief they provide customers affected by the coronavirus (COVID-19) pandemic, generally preempt state laws was issued Wednesday by the Office […]
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