Two final rules related to “qualified mortgages” (QMs) – one instituting a limit on lending based on a loan’s pricing, and the second creating a “seasoned QM” – were released Thursday by the federal consumer […]
A charter for a group that advises the federal deposit insurance agency on economic inclusion was renewed Dec. 3 for another two years, according to a notice filed with the Federal Register. The Advisory Committee […]
File specifications for 2020 Community Reinvestment Act (CRA) reporting are now available, the umbrella group for federal financial institution regulators said Wednesday. In a release, the Federal Financial Institutions Examination Council (FFIEC) said the file […]
Eight bank receiverships – one involving a bank in Arizona, the other seven in Georgia – are slated for termination soon by the Federal Deposit Insurance Corp. (FDIC), the agency said in a notice set […]
A $204,000 civil money penalty was assessed Tuesday against RAB Performance Recoveries, LLC, in a consent order with the Consumer Financial Protection Bureau (CFPB), which said the firm threatened to sue and sued consumers for […]
The federal credit union regulator has modified its “fraud hotline” so those concerned about insider fraud associated with credit union employees, directors, or volunteers can submit their fraud tips to the agency via the web. […]
The federal regulator of credit unions on Tuesday published its 2021 open board meeting schedule, with the first meeting of the year set for Jan. 14, which could be the last board meeting over which […]
A positive, significant relationship exists between monetary policy shocks (such as those resulting from announcements by the Federal Reserve’s rate-setting committee) and corporate credit risk as measured by credit default swaps (CDS) over the last […]
A consent order that required Community Trust Bank of Pikeville, Ky., to pay some $4.75 million in restitution to about 11,000 consumers, plus make consumer compliance improvements, related to the bank’s offering of deposit account […]
A final Federal Reserve Board rule raising from $50 billion to $100 billion the threshold at which annual assessment fees will be applied to bank holding companies (BHCs) and savings and loan holding companies (SLHCs) […]
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