The federal credit union regulatory agency’s recent sale of taxi medallion loans acquired through liquidations of credit unions was preceded by a “thorough” vetting of bidders to ensure only reputable firms dedicated to working in […]
Banks made 1.5% less money in 2019 than the previous year, but still cleared more than $233 billion in profits – the second-highest ever, the federal insurer of bank deposits said Tuesday. In releasing fourth-quarter (and […]
May will be a big month for two rules – through proposed amendments to “qualified mortgage” (QM) regulations and finalized remittances regulations – from the federal consumer financial protection agency, its director said Tuesday. Specifically: […]
The recently announced sale of the agency’s taxi medallion loan portfolio to Marblegate Asset Management LLC was the best option for meeting the agency’s statutory obligation to achieve the least long-term cost to the National […]
Review and comments of updated and “cloud-based” data tools for locating and researching a bank, and exploring changes in bank organizational structure, is being sought by the federal insurer of bank deposits. The Federal Deposit […]
“Fast facts” about a proposal to clarify regulations covering debt collections of debt past the statute of limitations was published Monday by the federal consumer financial protection agency. The two-page fact sheet, published by the […]
A two-day Minority Depository Institution (MDI) Forum taking place at the Treasury Department and the National Credit Union Administration (NCUA) next week, March 3 and 4, is open to credit unions on a first-come, first-served […]
The panels that advise the consumer financial protection agency on consumer, community bank, and credit union issues, as well as the agency’s research panel, are set to meet March 11, 12, and 13 on issues […]
Debt collectors would be banned from making calls or taking other “non-litigation means” to collect on debt that is beyond the statute of limitations unless it is disclosed during an initial contact that the debt […]
Year-end 2019 financial results for the banking industry will be released Tuesday (Feb. 25) by the federal insurer of bank deposits, the agency said Friday. The release of Quarterly Banking Profile (QBP) by the Federal […]
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