Monday evening’s meeting between the chairman of the Federal Reserve Board and the president of the United States publicly (at least) resulted in a common theme: The leader of the central bank’s board citing independence […]
The White House announcement Friday that President Donald Trump intends to make another nomination to fill the open seats on the board of the federal credit union regulator – for the first time in three […]
The public comment periods close this week on banking agencies’ proposal to raise the real estate appraisal threshold for banks to $400,000 and, separately, a proposed adjustment in the funds-availability amounts under Regulation CC. Both […]
Demand for loans to businesses weakened in the fourth quarter of 2018, as banks tightened standards for commercial real estate loans and left unchanged terms and standards on commercial and industrial (C&I) loans, a report […]
A joint agency proposal to hike the major assets prohibition thresholds below which banks and thrifts would be exempt from a prohibition on management official interlocks is detailed in a bulletin issued Monday by the […]
A revised “Subsidiaries and Equity Investments” booklet of the Comptroller’s Licensing Manual was issued Jan. 31 by the Office of the Comptroller of the Currency (OCC), the agency said in its most recent bulletin to […]
An asset-size adjustment by the Consumer Financial Protection Bureau (CFPB) for lenders exempt from escrow requirements for higher-priced loans was published in the Federal Register Monday – the last of several CFPB notices that had […]
Eleven banks and thrifts located in Colorado, Florida, Wisconsin, and Illinois have been rated “outstanding” for Community Reinvestment Act (CRA) compliance, according to the list of 48 CRA ratings made public in January by the […]
A private education loan with a previously reported default that is earmarked for rehabilitation under provisions of regulatory relief legislation enacted last spring is entitled to a safe harbor from federal credit reporting requirements, federal […]
A much-anticipated revision of rules slated to take effect in August regulating payday lending is another victim of the recent partial government shutdown, according to a report Sunday. The New York Post reported that the delay […]
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