A nomination confirmation hearing for Saule T. Omarova for a five-year term as comptroller of the currency – a somewhat controversial nominee – is set for Thursday by the Senate Banking Committee, according to a […]
The financial statements of the Consumer Financial Protection Bureau (CFPB) for fiscal years ending 2021 and 2020 were given an unmodified (or “clean”) audit opinion by the Government Accountability Office (GAO), according to a report […]
Flexibility for board meetings originally extended to federal credit unions during the height of the coronavirus crisis will be extended in the new year, the institutions’ regulator said Monday. In Letter to Credit Unions (LTCU) […]
The threshold adjusts to 200 open-end lines of credit for reporting mortgage disclosure data at the start of the new year, the federal consumer financial protection agency reminded Friday. In a publicly released letter, the […]
Allegations of Military Lending Act (MLA) violations by pawn lenders First Cash, Inc., and its wholly owned subsidiary Cash America West, Inc., are at the root of a lawsuit filed Friday by the Consumer Financial […]
A final rule on credit union membership eligibility requirements for shared facilities is among the items up for consideration during the Nov. 18 National Credit Union Administration (NCUA) open board meeting, according to the agenda […]
Federal and state financial institution regulators on Wednesday said they were ending the flexible approach to supervision and enforcement they initiated in April 2020 regarding certain mortgage servicing timing requirements. The agencies – the Federal […]
All three versions of the federal banking agencies’ call reports for supervised institutions will include an item allowing institutions to indicate if they have voluntarily adopted or voluntarily elected the standardized approach for counterparty credit […]
Providing “relevant and timely information” specifically for examiners and financial institution practitioners is the aim of a revamped notification system announced this week by the umbrella group for federal financial institution regulators. . According to […]
Despite rising prices for houses, there is little evidence of declining credit standards for loans or highly leveraged investment activity in the housing market, the Federal Reserve’s Monday report on financial stability indicated. However, the […]
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