The borrowing authority for the facility designed to help credit unions meet liquidity demands, particularly due to the financial impact of the coronavirus crisis, rose to $25.8 billion by the end of May – an […]
Management controls at the Asset Management and Assistance Center (AMAC) were shown to adequately protect personally identifiable information (PII) in liquidations of credit unions from 2008 to 2018, according to a report published recently by […]
Business lending data collection, Home Mortgage Disclosure Act data points, debt collection, and more are yet to come under the current rulemaking agenda of the Consumer Financial Protection Bureau (CFPB). The agenda is the bureau’s […]
Nine banks earned ratings of “outstanding” for June in their performance evaluations for adhering to anti-redlining requirements, the regulator of national banks said Friday. One of those banks is among the largest in the country: […]
A virtual “Innovation Office Hours” giving participants an opportunity to discuss with regulators issues that touch on consumer protection and prudential regulation will be hosted jointly July 29-30 by the Consumer Financial Protection Bureau (CFPB) […]
A five-year enforcement action involving violations of rules governing foreign exchange (FX) trading at Barclays Bank PLC of London and New York – which forced the bank to pay a multi-million-dollar fine and resulted in the […]
Federal banking agencies released their latest batch of Community Reinvestment Act (CRA) evaluation ratings Thursday, and of the 97 banks on the two lists, none was labeled for “substantial noncompliance.” Instead, 17 of the institutions […]
A West Virginia bank is the latest financial institution to face penalties from federal regulators for violations of flood insurance requirements. Ironically, the bank is located in Hurricane, W.Va. The Federal Reserve Friday said that […]
Financial institutions with assets of $10 billion or less and that originate 1,000 or fewer mortgage loans would be exempted from a requirement to establish escrow accounts for certain higher-priced mortgage loans (HMPL), under a […]
The July open and closed meetings of the National Credit Union Administration (NCUA) Board have been pushed back two weeks to July 30, the agency announced Wednesday. The meetings were previously slated for July 16. […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info