A $140,000 credit union serving fewer than 200 members was liquidated Tuesday by the Illinois Department of Financial and Professional Regulation (IDFPR); the National Credit Union Administration (NCUA) was named liquidating agent. St. Elizabeth’s Credit […]
Regulations clarifying the role of financial technology entities – or “fintechs” – in making loans and taking deposits are needed, but the types of regulations will depend on the types of “fintechs” they affect, witnesses […]
Financial regulators should develop and implement specific policies and procedures to consistently comply with mandates from Congress for analyzing the impact of regulations on smaller institutions, according a report issued Tuesday. In its report, the […]
The 2018 roster of consumer reporting agencies, broken down into 11 categories, was published by the Consumer Financial Protection Bureau (CFPB) Tuesday in the agency’s annual listing. The CFPB said the list (current as of […]
Need for sustained attention to cybersecurity risks were emphasized by the Trump administration’s top financial regulator in testimony before a Senate committee Tuesday on key aspects of a report outlining potential risks to the financial […]
Comments will be due April 2 on proposed updates to credit union call reports and profiles, as released by the National Credit Union Administration (NCUA) Board last week. The “request for information” on the call […]
Expectations for “living wills” by 19 foreign-owned banks with operations in the U.S. were communicated to the institutions by the Federal Reserve and Federal Deposit Insurace Corp. (FDIC) Monday. The messages from the regulators told […]
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