consumer credit reports – Regulatory Report

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[ July 23, 2021 ] CRA consideration among possible relief available to MI banks affected by storms, flooding, tornadoes FDIC
[ July 23, 2021 ] Fed publishes 0.15% reserves interest rate The Fed
[ July 22, 2021 ] NCUA-proposed complex credit union leverage ratio framework would require 10% minimum net worth by 2024 NCUA
[ July 22, 2021 ] RFI seeks credit unions’ input on digital assets, related technologies NCUA
[ July 22, 2021 ] Little IL bank, holding company ordered to hire competent bookkeepers The Fed

CFPB report finds consumers kept pace in paying back loans during coronavirus crisis – perhaps due to federal benefits

September 8, 2020 0

Consumers have not fallen significantly behind in making their loan payments during the coronavirus crisis, a report from the federal consumer financial protection agency asserted last week based on credit record data analyzed by the […]

Impact of now-complete removal of tax liens, civil judgments from consumer credit reports reviewed in CFPB report

December 10, 2019 0

The removal of tax liens and civil judgments from consumers’ credit reports in recent years did not have a large impact on the relationship between credit scores and consumers’ credit performance, the Consumer Financial Protection […]

NCUA-proposed complex credit union leverage ratio framework would require 10% minimum net worth by 2024

July 22, 2021 0

A proposal to make a simplified measure of capital adequacy available to federally insured credit unions defined as “complex” – meaning those with more than $500 million in assets – was released for comment Thursday by unanimous vote of the [...]
RFI seeks credit unions’ input on digital assets, related technologies

July 22, 2021 0

Input on potential and current impacts of the use of digital assets and related technologies – or, said another way, the impacts of distributed ledger technology (DLT, such as blockchain) and decentralized finance (DeFi) – is sought through a request [...]
Little IL bank, holding company ordered to hire competent bookkeepers

July 22, 2021 0

Bookkeeping staffing and other operational deficiencies at an Illinois bank holding company have led the Federal Reserve to issue an enforcement order against it, which includes no payment of dividends to stockholders without supervisors’ prior approval. In the consent order, [...]