A summary of feedback from 29 roundtable discussions on Community Reinvestment Act (CRA) modernization, hosted by the Federal Reserve System between last October and this January, shows interest among banks and community stakeholders in updates […]
Failures by banks to properly calculate or disclose finance charges, or annual percentage rate for mortgage loans, and other violations under the Truth in Lending Act (TILA, Regulation Z) were the top violations reported last […]
Workshops on compliance and operational risk for directors of national banks and federal savings associations will be held July 30-31 in Boston, the institutions’ federal regulator said Thursday. The Office of the Comptroller of the […]
A final rule making changes to the payday alternative loan model used by credit unions is “on my agenda,” the board chairman of the federal regulator of credit unions said Wednesday. Participating in a “fireside […]
Proposed revisions to regulations implementing anti-redlining laws should surface publicly by the end of summer, a senior regulator said Wednesday, while joining a top supervisor from another agency in agreeing the changes should result in […]
Community banks and “non-advanced approaches banking organizations” will be subject to simpler regulatory capital requirements for mortgage servicing assets, certain deferred tax assets arising from temporary differences, and investments in the capital of unconsolidated financial […]
A group of 65 House Democrats on Wednesday urged consumer bureau Director Kathleen (“Kathy”) Kraninger to immediately rescind a number of actions that could result in fewer institutions subject to Home Mortgage Disclosure Act (HMDA) […]
An update on various initiatives was provided by the leader of the federal insurer of bank deposits Wednesday – but did not include any new details of an “office of innovation” promised by the agency […]
Federal financial institution regulators are working on a “joint data intake system,” the director of the federal consumer financial protection told a group of bankers Tuesday, as the agency looks for ways to streamline its […]
A video intended to help potential home buyers through the process of finding the right mortgage loan was released Tuesday by the federal credit union regulatory agency. The National Credit Union Administration (NCUA) video, “Understanding […]
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