Guidance regarding the role of informal or implied expressions of support from foreign governments in determining a borrower’s obligor and facility credit risk ratings was issued for banks and thrifts by the Office of the […]
A federal charter and share insurance fund coverage for the new Everest Federal Credit Union (Jackson Heights, N.Y.), a credit union serving Nepali Americans, has been granted by the National Credit Union Administration, the agency […]
Comments on the best ways to modernize the regulatory framework implementing the anti-redlining Community Reinvestment Act (CRA) are being sought in an advance notice of proposed rulemaking (ANPR) released Tuesday by the regulator of national […]
The Federal Financial Institutions Examination Council (FFIEC) panel that oversees state appraisal programs is moving this fall, according to a notice published Tuesday. As announced through “nonsubstantive amendments” to its regulations, the FFIEC Appraisal Subcommittee […]
An interim final rule facilitating the transfer of ownership of small community banks by allowing their holding companies to operate with higher levels of debt than would normally be permitted was issued Tuesday by the […]
Three advisory panels established under the 2010 financial reform law that also created the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) have been pared down in membership slots to six each, according […]
Interim final rules that are expected to qualify another 420 banks and savings associations for an extended, 18-month exam cycle take effect Wednesday, according to notices published jointly by federal banking agencies. The rules, published in the […]
The student loan ombudsman for the Bureau of Consumer Financial Protection (BCFP) on Monday stated in a letter of resignation to Acting Director John (“Mick”) Mulvaney that the bureau under Mulvaney’s leadership no longer protects […]
A letter outlining examination expectations under the Financial Crimes Enforcement Network’s (FinCEN) beneficial ownership rule was issued Monday by the National Credit Union Administration and indicates the agency’s examiners will accept reasonable, good faith efforts […]
Revisions to reporting of home mortgage data, reflecting changes made under this spring’s regulatory relief legislation (and consistent with changes made by the federal consumer financial protection agency) are being proposed by the Federal Reserve, […]
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