Friday is the first day that a no-charge credit freeze is available to consumers, mandated under regulatory relief legislation enacted this spring – and the federal consumer financial protection agency highlighted the launch date on […]
Essentially cleaning up its regulatory roster, the Federal Reserve Friday proposed rule changes that reflect the transferal of its jurisdiction over certain mortgage-licensing related rules to the federal consumer financial protection agency. The Fed is […]
Legacy swaps entered into before the applicable compliance date will not become subject to swap margin requirements if they are amended solely to comply with the requirements of qualified financial contracts (QFCs) of systemically important […]
A former bank officer and employee who committed numerous lending violations that cost his bank more than $400,000 will pay a $1,000 civil money penalty (CMP) and may no longer engage in the affairs of […]
The Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) has allocated closed-discussion and open-discussion portions of its Sept. 27 meetings of three advisory bodies representing consumers and financial institutions, and the public sessions […]
The federal regulator of credit unions on Thursday approved recent changes to a Texas regulation on credit union member business lending (MBL), action that affirms the Texas regulator’s MBL regulation remains consistent with NCUA rules. […]
Federally insured credit unions would no longer need appraisals for certain commercial real estate loans of less than $1 million, up from the current threshold of $250,000, under a proposed rule issued Sept. 20 by […]
Volunteer organizations, financial institutions, social service organizations, educators and others are sought as applicants to the 2019 cohort of groups utilizing the consumer financial protection agency’s “Your Money, Your Goals” financial empowerment tools in efforts […]
Banking regulators are proposing capital rule changes that would revise the definition of “high volatility commercial real estate (HVCRE) exposure” to conform with provisions that went into effect with the May 24 enactment of the […]
Enforceable guidelines for recovery planning standards would apply only to banks having $250 billion or more in total consolidated assets – reducing the estimated number of covered institutions from 25 to eight – under a […]
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