A proposed rule to implement a relief law exemption from real estate appraisal requirements for certain residential real estate transactions involving $400,000 or less will be issued jointly by three federal banking regulators for a […]
A company that sold a gap insurance product as an add-on to its auto loan products will pay restitution and a civil money penalty over deceptive practices in its product marketing and misrepresentation of the […]
A statutory requirement for inflation adjustments every five years of the funds-availability amounts under the Electronic Funds Availability (EFA) Act would be implemented for the first time under a proposal issued Tuesday by regulators. Issued […]
Aggregate net income of $62 billion was recorded by federally insured banks and thrifts in the third quarter, with return on average assets of 1.41%, the highest quarterly level reported by the industry since quarterly […]
The federal credit union regulator board will meet 11 times in the new year, and skip an August meeting, according to a scheduled released by the agency Tuesday. The National Credit Union Administration (NCUA) said […]
Policy issues related to the resolution of systemically important financial companies will be the focus of an advisory committee meeting Dec. 6 at the Federal Deposit Insurance Corp. (FDIC) in Washington. The FDIC Systemic Resolution […]
Three advisory councils representing consumer and community development interests, community banks, and credit unions will meet simultaneously Dec. 6 by conference call to discuss artificial intelligence in consumer financial services and consumer access to financial […]
A proposal to reduce applicability thresholds for regulatory capital requirements and liquidity requirements for banks was issued for comment Tuesday by the Federal Deposit Insurance Corp. (FDIC) Board, but only after a split vote that […]
Eight actions – including a notice of charges against a former credit union chief executive and the closing of the credit union that individual led – are cited as “highlights” by the federal credit union […]
Calling it a “threat to financial stability,” the Federal Reserve Bank of Minneapolis said in a comment letter that it opposes the Federal Reserve Board’s proposal to relax liquidity-related regulations for large banks. The letter […]
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