With its vote Thursday – on a split vote (again) – the federal insurer of bank deposits jumped on board changes by federal banking and securities regulators to swap margin rules aimed at what they […]
Nearly 900 credit unions that had membership capital shares in the failed Southwest Corporate Federal Credit Union will share in a $171 asset management estate payout anticipated for July, the first of other payments to […]
Recent spikes of COVID-19 virus in about half of the states nationwide have caused the federal credit union regulator to back off of its phase-in of on-site operations at both the agency and at credit […]
The Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds is modified under a rule made final Thursday by all three federal banking agencies, plus two securities market […]
Data on mortgage lending transactions in 2019 at more than 5,500 financial institutions covered by federal mortgage lending disclosure requirements are now available, the umbrella group for federal financial regulators said Wednesday. The Federal Financial […]
Two companies engaged in contracts for deeds have settled charges that they misrepresented procedures to customers for filing complaints about how to resolve errors on consumer reports, the federal consumer financial protection agency said Tuesday. […]
Charges against a Massachusetts man for seeking more than $13 million in phony borrowings through the federal program that provides forgivable loans to business owners affected by the coronavirus crisis were announced Tuesday as the […]
The 2020 list of distressed or underserved nonmetropolitan middle-income geographies – which identifies areas where activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition – are now available, the […]
The application deadline for credit unions to seek minority depository institution (MDI) mentoring grants from the federal credit union regulator has been moved back a month to July 31, the agency announced Tuesday. The National […]
An interim final rule that gives the green light to mortgage servicers providing forbearance relief to home owners facing hardship due to the coronavirus (COVID-19) pandemic, and allowing this based on limited information collected from […]
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