A ‘town hall’ webinar for bank and nonprofit staff who train or serve entrepreneurs is being held next month by the Federal Deposit Insurance Corp. (FDIC). Dubbed “Money Smart for Small Businesses,” the webinar will […]
The Senate, voting 69-24, on Thursday confirmed Jelena McWilliams to be chairman of the Federal Deposit Insurance Corp. (FDIC) Board. McWilliams’ nomination to a six-year term on the board was approved on voice vote. McWilliams […]
The federal regulator of credit unions is proposing a second payday loan option – and perhaps even a third – that it hopes will lead to a “safe harbor” from the federal consumer financial protection […]
A financial institutions “regulatory relief” bill that exempts more banks from proprietary trading restrictions, waives certain mortgage lending rules and eases some banks’ stress-test and capital requirements was signed into law by President Donald Trump Thursday […]
The federal regulator of credit unions on Wednesday filed an appeal of a March 29 federal district court ruling vacating two provisions of the agency’s chartering and field-of-membership (FOM) rule. The American Bankers Association (ABA), […]
Federally insured credit unions will receive a $735.7 million “distribution” as early as July, the National Credit Union Administration (NCUA) Board was told Thursday, the result of a dividend from the federal insurance fund that […]
Several provisions for reforming the federal consumer financial protection bureau – and reflecting proposals made by the acting director of the agency this spring – are included in a financial services appropriations bill that is […]
A banking agency bulletin issued Wednesday to encourage banks and savings institutions to provide consumers short-term, small-dollar installment loans – and offering principles and polices to help them do so without running afoul of a federal […]
A “streamlined” application process opens June 4 for low-income federally insured credit unions considering becoming community development financial institutions (CDFIs); the period closes on June 22, the federal credit union regulator said Wednesday. The National […]
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