Data on mortgage lending transactions during 2020 at 4,475 U.S. financial institutions, collected and reported under the Home Mortgage Disclosure Act (HMDA), is available now, the umbrella Federal Financial Institutions Examination Council (FFIEC) said Thursday. […]
Military Lending Act-related examinations will now resume by the federal consumer financial protection agency, it said Wednesday, asserting that the prior administration’s reasoning for discontinuing the reviews were not found persuasive. In a release, the […]
Holding banks accountable to solve bias in appraisals is necessary but not sufficient, the acting head of the national regulator of banks said Tuesday. However, he added, the agency does expect banks to ensure their […]
Helping unbanked individuals and households come into the banking system with expanded capabilities through new technologies and techniques is the target of a “tech sprint” announced Wednesday by the federal insurer of bank deposits. According […]
Promoting the preservation of minority depository institutions (MDIs) and enhancing communication those banks and the federal insurer of deposits is the focus of a new policy statement issued by the agency Tuesday. In a release, […]
Aligning real estate lending standards with the new community bank leverage ratio (CBLR) rule is the aim of a proposal issued Tuesday by the board of the federal deposit insurance agency. The proposal by the […]
A preliminary analysis of the differences in lending patterns for lenders below and above the 100-loan closed-end threshold for Home Mortgage Disclosure Act (HMDA) reporting showed that lenders with the smaller volumes of loans appear […]
A plan to return the insurance fund that covers bank deposits to a reserve ratio of 1.35% of total savings insured will stay on course, the governing board of the fund said Tuesday, primarily because […]
New rules for credit unions governing their purchases of banks and mitigating the impact of the current expected credit loss (CECL) accounting standard are slated for action as soon as this month by the federal […]
A notice of proposed rulemaking on financial institutions’ collection, reporting, and public disclosure of data concerning credit applications made by women-owned, minority-owned, and small businesses is among the regulatory actions anticipated by the Consumer Financial […]
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