Improvements in the timeliness and source linkages for community development award data reported to Treasury by the National Credit Union Administration (NCUA) are recommended in a Nov. 8 report of the credit union regulator’s Office […]
Borrowing by businesses is historically high, with the most rapid increases in debt concentrated among the riskiest firms amid weak credit standards, the Federal Reserve reported in its latest “financial stability report” for 2019. The […]
Screening and training requirements for financial institutions which employ loan originators with temporary authority are clarified under a rule released Friday by the federal consumer financial protection agency. The interpretive rule issued by the Consumer […]
Financial statements at the federal consumer financial protection agency are presented fairly and internal controls are effective, the congressional watchdog reported Friday in its annual, statutorily required financial audit of the agency. The Government Accountability […]
Various effective date delays for accounting standards on current expected credit losses (CECL) were finalized Friday by the accounting industry’s standards-setting group, one of which pushes the date to January 2023 for smaller financial companies, […]
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