Applications are due Oct. 5 for low-income credit unions that desire to be certified as Community Development Financial Institutions (CDFIs) using the “streamlined” certification process – a certification that is critical to securing funding next year – […]
The confirmation last week of Michelle (“Miki”) Bowman to a full, 14-year term on the Federal Reserve Board (beginning in February) left five more appointments to terms on federal financial regulators remaining to be either […]
Corrections by the Federal Reserve to Regulation CC revisions on funds availability (check holds) were forwarded to credit unions Monday in a Consumer Financial Protection Update (19-14) from the National Credit Union Administration (NCUA). The […]
Automobile loan originations, credit card account management, debt collection, information furnishing, and mortgage originations that were generally completed between December 2018 and March 2019 are outlined in the latest issue of the federal consumer financial […]
The federal bank deposit insurer on Sept. 1 terminated six bank receiverships, stating in a Federal Register notice that it “has fulfilled its obligations and made all dividend distributions required by law.” The six just-terminated receiverships […]
(Updated Sept. 18, 2019) A vote on a final community bank leverage ratio (CBLR), a press conference featuring Federal Reserve Board Chair Jerome (“Jay”) Powell (following the close of a monetary policy setting session), and […]
Help for 155 low-income credit unions in the form of $1.9 million in grants will be provided by the federal regulator of credit unions to assist in outreach to underserved communities, improving digital services and […]
Deposit totals for the more than 86,000 branches of the nation’s 5,300 banks and thrifts (and U.S. branches of foreign banks) are detailed in the annual survey of federally insured banks and thrifts as of […]
A final “payday alternative loan” rule easing some limitations on the agency’s current program is slated for action during the National Credit Union Administration (NCUA) Board’s open meeting next Thursday. The payday rule proposal, titled […]
The three policies announced earlier this week by the consumer financial protection bureau, offering providers a measure of protection against compliance violations when they receive prior agency approval for certain activities, are slated for publication […]
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