Guidance to national banks issued four years ago about “Deposit Advance Products” – including payday and other small-dollar, short-term loans – was rescinded Thursday by the Office of the Comptroller of the Currency (OCC), in […]
A final rule requiring payday lenders and others to determine upfront whether consumers can repay their loans was issued Thursday by the Consumer Financial Protection Bureau (CFPB), covering payday loans, auto title loans, deposit advance […]
Legislation which clarifies that a person with state banking regulatory experience must be a member of the Federal Deposit Insurance Corp. (FDIC) Board has been introduced in the Senate; a similar measure has been unveiled […]
The Senate has confirmed Randal Quarles as vice chairman for supervision of the Federal Reserve, the first person to serve in that position. The confirmation of Quarles, 60, is the first by President Donald Trump to […]
Proposals and actions on recent regulation – including those to ease appraisal standards in commercial lending, and simplify requirements in the regulatory capital rule – were made with an “abiding commitment to consider how our […]
The top five states increasing deposits over the last year from branches within their states amassed more than $277 billion more in deposits, according to the annual survey of branch office deposits (SOD) for all […]
Mortgage servicers would receive 10 more days to tell borrowers facing foreclosure — who have requested a cease in communication under federal debt collection law — about their options in preventing the foreclosure, under an […]
In a change of opinion, NCUA’s general counsel has decided the “individual policy” requirement of credit union fidelity bonds does not prohibit a credit union from having a bond also covering its credit union service […]
Deposit totals of about $11.8 trillion for more than 89,000 bank offices in the states is outlined in the annual survey of branch office deposits (SOD) for all Federal Deposit Insurance Corp. (FDIC)-insured institutions, released […]
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