Awards totaling $39.5 million will be awarded to 56 federally insured credit unions from the Community Development Financial Institutions (CDFI) Fund, with nearly half (27) of the credit unions being first-time awardees, NCUA announced Thursday. According […]
Updates to frequently asked questions (FAQs) on the definition of capital were published Sept. 19 by the Basel Committee (the international group that recommends capital benchmarks for financial institutions). The FAQs are supplemented by two […]
Adoption of a final rule to merge the federal credit union savings insurance fund with a fund set up to stabilize “corporate” credit unions in the wake of the financial crisis will be considered by […]
A modification in federal mortgage rules that the Consumer Financial Protection Bureau (CFPB) said is aimed at providing additional flexibility for lenders in collecting consumer ethnicity and race information was finalized and published Wednesday by […]
Revisions to policy statements which provide guidance to ensure that state appraiser regulatory programs follow federal law were proposed Wednesday by the Federal Financial Institutions Examination Council (FFIEC). Comments are due Nov. 20. The request […]
An advisory group with a membership featuring a “who’s who” of top federal financial regulators spanning the past 30 years has urged the Treasury to rethink some of its recommendations issued in June to reform […]
Annual “host state loan-to-deposit ratios” (LTDs) – which help in determining whether banks are meeting Community Reinvestment Act (CRA) requirements — were published in a bulletin by the Office of the Comptroller of the Currency […]
Former professional football players suffering from neurological disorders, victims of the Deepwater Horizon oil-rig disaster, 9/11 first responders and others awaiting payment from legal settlements were lied to by a New Jersey company in loan […]
Saying that it will be ready to assist credit unions with maintaining or restoring operations if necessary, the National Credit Union Administration (NCUA) Tuesday urged its supervised institutions in the path of Hurricane Maria to […]
A letter alerting Federal Deposit Insurance Corp. (FDIC)-supervised financial institutions to a proposal that would shorten the standard settlement cycle from three to two days for securities purchased or sold has been issued by the […]
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