Outgoing Comptroller of the Currency Joseph Otting received a warm farewell from the board chairman at the federal credit union regulator Friday, the first (and, so far, only) of the national bank regulator’s federal regulator […]
Lenders that participated in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) can begin reporting on PPP loans and collecting the processing fee on fully disbursed loans that they are eligible to receive, NCUA […]
The signature card requirement necessary to show joint ownership of a federally insured account in a credit union could be satisfied by information contained in the account records under a rule proposed Thursday by the […]
The “unremittingly awful” financial conditions have eased since the middle of March – when the economic impact of the coronavirus crisis became clear – due in part to actions taken by the Federal Reserve, the […]
An earnings retention requirement would be waived for “adequately capitalized” credit unions and net worth restoration plan requirements eased for some “undercapitalized” credit unions under an interim final rule approved Thursday by the federal credit […]
A proposed interim final rule to let federal credit unions (FCUs) decide how long members have to resolve account overdrafts went nowhere during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. The […]
Making it official, a transition from Joseph Otting to Brian P. Brooks as the next leader of the Office of the Comptroller of the Currency (OCC) was announced Thursday by the agency, confirming what had […]
Federal bank and credit union regulators on Wednesday released a set of interagency lending principles to encourage institutions to offer responsible small-dollar loans to customers “for consumer and small business purposes,” noting the important role […]
On the same day that his agency finalized what is arguably the most momentous regulatory action of his tenure in rewriting anti-redlining rules, the comptroller of the currency announced his resignation will be submitted by […]
A final rule rewriting rules implementing anti-redlining laws was released by the Office of the Comptroller of the Currency (OCC) Wednesday, which the agency said included at least four changes from the proposal released in […]
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