A policy statement explaining a new category being created for regulatory guidance materials – “compliance aids” – was approved by the director of the agency charged with consumer financial protection Jan. 10 and is set […]
An updated compliance guide to home mortgage disclosure rules – aimed at small entities – was released Friday by the federal consumer financial protection agency, which includes changes made to the rules last fall. The Consumer […]
Additional revisions to the Volcker Rule – which generally prohibits banking entities from engaging in proprietary trading or investing – will be considered as proposed rules in separate meetings next week by the boards of […]
A new executive director – the highest staff position – for the federal credit union regulator was named Thursday following the announcement of the retirement of the current incumbent in the position. The agency also […]
The former chief executive officer of Wells Fargo Bank, N.A. (Sioux Falls, S.D.) and seven others will have to pay a combined $58.5 million in civil money penalties under charges and orders citing their failure […]
Continuing a rate cap in place since 1987, the federal credit union (FCU) regulator on Thursday approved continuing the 18% loan interest-rate ceiling in effect for loans made by federal credit union loans for another […]
A criminal fine, restitution and jail time were ordered for a Minnesota real estate company, its owner, and its accountant for their part in a long-running fraudulent bidding and kickback scheme in connection with foreclosed […]
A new rule intended to clarify requirements for a federally insured credit union (FICU) when it proposes to acquire or merge with a bank or other institution was proposed by the National Credit Union Administration […]
A 275-plus page – and controversial – proposal to give some federally insured credit unions the ability to issue subordinated debt to help them meet their risk-based capital requirements was issued for a 120-day comment […]
A final rule adopted last November that implements a standardized approach for measuring counterparty credit risk (SA-CCR), and which begins taking effect April 1, is slated for publication Friday in the Federal Register. The rule […]
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