A credit union service organization must forgive loans worth $168 million under the terms of a settlement that spans 44 states reached with the federal consumer financial protection agency, the agency announced Friday. The Consumer […]
Credit unions nationwide continued to grow in the first quarter, but that growth was concentrated mostly in larger credit unions and in particular states – with some states showing a retraction in memberships and little […]
There’s a website out there – FDIConnect.com – that bills itself as a consumer-focused provider of FDIC pass-through insurance for bank deposits, but the agency issued a warning Thursday that this website is not affiliated […]
A proposed rule on risk-based capital for credit unions is the sole item on the agenda of the June 20 open meeting of the National Credit Union Administration (NCUA) Board. Whether it’s a proposal to […]
A summary of feedback from 29 roundtable discussions on Community Reinvestment Act (CRA) modernization, hosted by the Federal Reserve System between last October and this January, shows interest among banks and community stakeholders in updates […]
Failures by banks to properly calculate or disclose finance charges, or annual percentage rate for mortgage loans, and other violations under the Truth in Lending Act (TILA, Regulation Z) were the top violations reported last […]
Workshops on compliance and operational risk for directors of national banks and federal savings associations will be held July 30-31 in Boston, the institutions’ federal regulator said Thursday. The Office of the Comptroller of the […]
A final rule making changes to the payday alternative loan model used by credit unions is “on my agenda,” the board chairman of the federal regulator of credit unions said Wednesday. Participating in a “fireside […]
Proposed revisions to regulations implementing anti-redlining laws should surface publicly by the end of summer, a senior regulator said Wednesday, while joining a top supervisor from another agency in agreeing the changes should result in […]
Community banks and “non-advanced approaches banking organizations” will be subject to simpler regulatory capital requirements for mortgage servicing assets, certain deferred tax assets arising from temporary differences, and investments in the capital of unconsolidated financial […]
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