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What's up
  • [ March 24, 2026 ] Limits on credit union car loan participations eliminated under latest dereg proposal Federal financial regulation
  • [ March 23, 2026 ] Smaller, non-complex credit unions offered latest quarterly version of simplified CECL tool NCUA
  • [ March 20, 2026 ] Fed bars former bank employee over taking customer funds, more; another for faking active duty for leave pay The Fed
  • [ March 19, 2026 ] Agencies release three proposals that will result in lower capital for nation’s banks, claiming ‘framework will be improved’ FDIC
  • [ March 19, 2026 ] Registration open for OCC workshops for community bank directors, senior management OCC
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CFPB

CFPB’s tech sprints will focus on consumer disclosures, HMDA file prep and data submission

June 29, 2020 0

A series of three “tech sprints” – one held this October, and two more slated for March 2021 – will focus on how to improve consumer disclosures, preparing files for Home Mortgage Disclosure Act (HMDA) […]

Other

Due diligence on serving hemp-related businesses issued by financial crimes law enforcement, including types of info, documentation needed

June 29, 2020 0

Conducting due diligence on hemp-related businesses – on the types of information and documentation that may be required to collect from those entities – is outlined in guidance for banks and credit unions issued Monday […]

COVID-19 actions

Fed releases new term sheet for Primary Market Corporate Credit Facility created to help large employers during pandemic

June 29, 2020 0

Pricing and other information for the purchase of corporate bonds by the Primary Market Corporate Credit Facility (PMCCF) is provided in a new term sheet released Monday by the Federal Reserve. The PMCCF was created […]

OCC

‘Risk perspective’ paints grim picture for banks’ financial performance for year due to impact of pandemic

June 29, 2020 0

Weak financial performance and increasing credit, operational, and compliance risks resulting from the financial impact of the coronavirus crisis are among the “key risk themes” outlined in a report issued Monday by the federal bank […]

NCUA

Supreme Court takes a pass on credit union membership rules; agency will start processing new applications ‘immediately’

June 29, 2020 0

An appeal of a lower court’s earlier decision upholding rules governing membership at credit unions was rejected by the Supreme Court Monday, essentially ending a challenge by the banking industry to the regulator over the […]

CFPB

High court ruling allowing president to fire CFPB director ‘at will’ has no impact on agency rules, Kraninger says

June 29, 2020 0

A Supreme Court ruling Monday that lets the federal consumer financial protection agency continue in operation – but finds that the president may remove its director at will – means that the agency’s rules continue to govern […]

Today

  • Limits on credit union car loan participations eliminated under latest dereg proposal

    March 24, 2026 0
    No limits on purchase or participation in indirect auto loans serviced by a third party would be imposed on credit unions under a proposal issued by their federal regulator Tuesday. In its so-called “eighth round” of deregulation proposals, the National [...]
  • Smaller, non-complex credit unions offered latest quarterly version of simplified CECL tool

    March 23, 2026 0
    The latest life-of-loan—or Weighted Average Remaining Maturity—factors are included in the March 2026 update of the simplified tool the federal regulator provides to smaller credit unions for estimating the allowance for credit losses on loans and leases, the agency said [...]
  • Fed bars former bank employee over taking customer funds, more; another for faking active duty for leave pay

    March 20, 2026 0
    A former relationship banker at Regions Bank, Birmingham, Ala., is barred from any future service in federally insured financial institutions under a March consent order finding that she withdrew $323,500 from a bank customer’s account for her own benefit. The [...]

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