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 […]
The announcement by President Donald Trump Friday of his intent to nominate former congressional staffer and National Credit Union Administration (NCUA) agency liaison to Congress Todd M. Harper to the second open seat on the […]
Support for the Community Reinvestment Act (CRA) runs “broad and deep” among commenters and industry and community panels on the advance notice of proposed rulemaking issued last August, a Federal Reserve Board governor said in […]
A proposed settlement with up to nine payday lending groups and three individuals would permanently ban them from offering the typically short-term, high-interest loans to any consumer in the U.S. – and bar them from […]
A final rule on providing more flexibility for financial institutions in securing flood insurance from private providers was adopted by the federal regulator of credit unions Thursday and announced by the agency Friday. In a […]
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