youth financial research – Regulatory Report

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[ August 5, 2021 ] NCUA writes FCUs on extended 18% loan rate ceiling NCUA
[ August 5, 2021 ] Interpretive rule attempts to clarify impact of new (and sudden) Juneteenth holiday on mortgage rule requirements CFPB
[ August 5, 2021 ] Letter outlines limits on capitalizing loans, documentation requirements for credit unions NCUA
[ August 4, 2021 ] ‘Outdated practices’ for securing mobile devices found in audit lead to recommendations for FDIC FDIC
[ August 4, 2021 ] Clarida: No change yet in pace of Fed purchases of Treasuries, MBS The Fed

CFPB slates ‘convening’ Monday on youth financial education research

June 5, 2020 0

A virtual Youth Financial Education Research Convening is slated for Monday, hosted by the Consumer Financial Protection Bureau (CFPB) in conjunction with the Interagency Working Group on Youth Programs (IWGYP), according to a CFPB notice. […]

NCUA writes FCUs on extended 18% loan rate ceiling

August 5, 2021 0

A letter communicating the June extension of the 18% federal credit union loan rate ceiling through March 10, 2023, was issued Thursday by the National Credit Union Administration (NCUA). The NCUA Board voted June 24 to extend the ceiling, which [...]
Interpretive rule attempts to clarify impact of new (and sudden) Juneteenth holiday on mortgage rule requirements

August 5, 2021 0

Whether the new federal holiday of Juneteenth (marked for the first time as a federally observed break this past June) counts as a business day or federal holiday for purposes of mortgage rescissions and disclosures depends on when the relevant [...]
Letter outlines limits on capitalizing loans, documentation requirements for credit unions

August 5, 2021 0

The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of loan interest, the federal regulator of credit unions underscored in a letter issued [...]