A proposed rule to update and clarify the federal credit union regulatory agency’s requirements for fidelity bond coverages at corporate and natural-person credit unions was published Friday (Nov. 23) in the Federal Register, with comments […]
Dollar thresholds have been set at $57,200 for determining exempt consumer credit and lease transactions in 2019, the Federal Reserve and the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) said in […]
Mortgage loans that are “higher-priced” under federal mortgage rules and that don’t exceed $26,700 will be exempt from federal appraisal requirements in 2019, federal banking and consumer protection agencies said in an announcement Wednesday. The […]
A proposed rule to implement a relief law exemption from real estate appraisal requirements for certain residential real estate transactions involving $400,000 or less will be issued jointly by three federal banking regulators for a […]
A company that sold a gap insurance product as an add-on to its auto loan products will pay restitution and a civil money penalty over deceptive practices in its product marketing and misrepresentation of the […]
A statutory requirement for inflation adjustments every five years of the funds-availability amounts under the Electronic Funds Availability (EFA) Act would be implemented for the first time under a proposal issued Tuesday by regulators. Issued […]
Aggregate net income of $62 billion was recorded by federally insured banks and thrifts in the third quarter, with return on average assets of 1.41%, the highest quarterly level reported by the industry since quarterly […]
The federal credit union regulator board will meet 11 times in the new year, and skip an August meeting, according to a scheduled released by the agency Tuesday. The National Credit Union Administration (NCUA) said […]
Policy issues related to the resolution of systemically important financial companies will be the focus of an advisory committee meeting Dec. 6 at the Federal Deposit Insurance Corp. (FDIC) in Washington. The FDIC Systemic Resolution […]
Three advisory councils representing consumer and community development interests, community banks, and credit unions will meet simultaneously Dec. 6 by conference call to discuss artificial intelligence in consumer financial services and consumer access to financial […]
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