A proposed rule on risk-based net worth (RBNW) will be considered by the National Credit Union Administration (NCUA) Board when it gathers next week for its June open monthly meeting, according to an agenda posted […]
A “substantial fraction” of respondents to the Federal Reserve’s June survey of senior credit officers on dealer financing terms indicated having tightened price and nonprice terms on securities financing transactions and over-the-counter (OTC) derivatives across […]
The agency charged with consumer financial protection has updated its small-entity compliance guide on remittance transfers that incorporates May 2020 revisions to the agency’s remittance rule. The guide, published by the Consumer Financial Protection Bureau […]
New tools and materials to help payments system participants be consistent in how they classify fraudulent activity – in turn promoting consistency across the payments industry – were launched Thursday by the central bank. The […]
Unsure how a rule from the federal consumer financial protection agency affects you? Starting Thursday, under a new pilot program from the agency, you can submit a request for clarity “where uncertainty exists.” In a […]
Some credit unions are on the cusp of receiving an estimated nearly $3 billion in distributions of membership capital, paid-in capital and liquidating dividends resulting from the liquidations of five failed corporate credit unions, outgoing […]
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