One prohibition notice and one prohibition order were issued by the federal credit union regulator in December, the agency said Tuesday, essentially meaning the individuals subject to the actions are prohibited from participating in the […]
With the application approval of a bank to be located in St. George, Utah, earlier this month, nine “de novo” bank applications have been OK’d by the federal insurer of bank deposits in 2019 – […]
The market for credit cards issued to college students is getting smaller, the federal consumer financial protection agency said Monday in a report, as the number of issuers dries up. In its report on college […]
The federal regulator of credit unions is working to update operating agreements with state supervisors and plans to create a formal process for improving documentation of supervisory examiner decisions following its own reviews of state […]
About 12.3 million persons, including consumers, used the federal consumer financial protection agency’s internet-based and print educational resources last year, exceeding the target total by 4 million, the agency said Dec. 23. In its financial […]
New asset-size thresholds used to define small- and intermediate small-sized banks and savings institutions under anti-redlining rules take effect Wednesday, the first day of 2020, the federal banking agencies said Monday. According to a Federal […]
Extended hours to accommodate same-day automated clearing house (ACH) processing and settlement in 2020 were approved by the Federal Reserve last week (Dec. 23). The Fed said the extended hours will closely follow those already […]
Federal banking agencies will exercise discretion to not take enforcement action against banks or asset managers lending to investment fund-controlled companies under certain conditions, the federal banking agencies said Friday. In issuing its “no action” […]
Leveraged lending at banks is on the rise, presenting greater risk and leading to greater scrutiny of the practice by regulators, the federal insurer of bank deposits said in a Dec. 23 report. “Leveraged lending […]
Banks, credit unions and savings associations with assets of $47 million or less as of Dec. 31 are exempt from collecting data in 2020 under Regulation C, the federal consumer financial protection agency Monday in […]
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