A final rule removing a timing restriction for mortgage closing disclosures – referred to within the industry as a TILA/RESPA “black hole” – that could prevent a lender from charging otherwise valid closing cost increases is set […]
A second hearing on the “customer due diligence” (CDD) rule, particularly the “beneficial ownership” requirements – compliance for which are required by Friday – has been scheduled by a House committee for next week. The […]
A floating-rate offering of seven-day term deposits with an early withdrawal feature through its “Term Deposit Facility” (TDF) will be offered May 17 by the Federal Reserve, the agency said Thursday. The offering is part […]
More than 3,000 comment letters have been submitted on the dozen “requests for information” issued by the federal consumer financial protection agency since January – but more than three out of every four letters address […]
The $15.4 billion package of budget rescissions sent to Congress this week would rescind $22.8 million available for awards to banks supporting community development financial institutions (CDFIs) and another $151.3 million for a CDFI program […]
Deposit insurance coverage – including a comprehensive overview of the rules for federal coverage – will be addressed in four online, live and no-charge seminars for bank employees and officers throughout the year, beginning May […]
A hearing on the nominations for two members for the Federal Reserve’s board of governors will be held May 15 by the Senate Banking Committee, the panel said in a statement Tuesday. The committee will […]
The Federal Deposit Insurance Corp. (FDIC) has wrapped up the affairs of six defunct banks and announced it terminated its receiverships of the institutions May 1. The six institutions were The Elizabeth State Bank (Elizabeth, […]
The House, voting 234 to 175, on Tuesday adopted a Senate-passed resolution to repeal 2013 guidance from the Bureau of Consumer Financial Protection (BCFP) on indirect auto lenders’ compliance with federal fair lending requirements. The […]
Two actions in which the Federal Deposit Insurance Corp.’s (FDIC) office of inspector general (OIG) partnered with federal law enforcement have resulted in a recent conviction and a recent indictment, the office said Tuesday. In […]
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