Three final rules were published Thursday – on a new capital leverage ratio, mortgage servicing assets, and treatment of subordinated debt – by the federal credit union regulator, with effective dates of Jan. 1, April […]
A material loss review of the $2.29 million estimated share insurance fund loss due to the failure of Indianapolis’ Newspaper Federal Credit Union earlier this year showed the institution failed due to fraud involving a […]
Wild swings in the use of online/phone card payments, and those made in person, in successive years are outlined in updated results to the Federal Reserve’s payments study, released Wednesday – which also found that […]
Data on small business, small farm, and community development lending during 2020 was released Tuesday by federal banking regulators, fulfilling statutory requirements under federal anti-redlining laws. The Federal Reserve Board, the Federal Deposit Insurance Corp. […]
The “Other Real Estate Owned” (OREO) booklet of the Comptroller’s Handbook has been updated and replaces the booklet issued in September 2020, the Office of the Comptroller of the Currency (OCC) said in a bulletin. […]
Banks that choose to have their capital requirements determined under the voluntary community bank leverage ratio (CBLR) framework will be subject to a 9% CBLR beginning Jan. 1 to continue to qualify for the framework, […]
The federal regulator of credit unions has approved its fourth new federal credit union (FCU) charter for the year to facilitate services for the community of Eatonville, Fla., according to an agency announcement Tuesday. Named […]
A single-payment and installment consumer loan provider based in Oakland, Calif., is barred from providing any new loans or collecting on certain outstanding loans under provisions of an agreement made public Tuesday by the federal […]
A temporary final rule providing pandemic-related regulatory relief under rules on loan participations, eligible obligations, and occupancy requirements for certain properties has been extended until Dec. 31, 2022, by notation vote of the National Credit […]
Regulators have decided to leave unchanged their definitions of qualified residential mortgage (QRM), the community-focused residential mortgage exemption, and the exemption for qualifying three-to-four-unit residential mortgage loans under their 2014 federal credit risk retention regulations. […]
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