President Joe Biden’s nomination of Rohit Chopra to be director of the Consumer Financial Protection Bureau (CFPB) drew a tie vote by the Senate Banking Committee Wednesday, 12-12, and now awaits Senate action. If confirmed, […]
Twenty-four questions and answers addressing the private flood insurance provisions of the 2012 Biggert-Watters Flood Insurance Reform Act were proposed Thursday by federal financial institution regulators. The proposal – issued jointly by the Farm Credit […]
An advisory committee of state regulators will get an update on the federal bank deposit insurer’s office of innovation activities, discuss state-federal coordination, and receive a report on community banking and agricultural lending when it meets […]
Provisions of a final rule exempting more institutions from a requirement to establish escrow accounts for certain higher-priced mortgage loans (HPMLs) are reviewed for credit unions in a regulatory alert issued Wednesday by the National […]
A webinar slated March 24 by the federal regulator of credit unions will focus on potential areas of risk for credit unions resulting from the COVID-19 pandemic, the agency said in a release Wednesday. The […]
Making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) through a new program of the Treasury Department is supported in an interim final rule issued Tuesday by the federal banking […]
Emphasizing the importance of inclusivity within the credit union community to blunt the economic effects of the pandemic, the chairman of the federal credit union regulatory agency on Tuesday encouraged credit unions to submit applications […]
Discrimination for sexual orientation or gender identity is prohibited under equal credit opportunity regulations, the federal consumer financial protection agency said Tuesday. The subhead for the press release announcing the rule issued by the agency […]
Recent revisions to regulations on brokered deposits and interest rate restrictions will be discussed in a webinar set for March 17 by the federal insurer of bank deposits, the agency said Monday. In a release, […]
After a delay of nearly two months since approved, two proposals from the federal credit union regulator – on simplifying rules for risk-based capital and on adding an “S” to the exam rating system – […]
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