The coming week brings another deadline for comments in the consumer bureau’s series of “call for evidence” requests for information (RFIs), speeches by the top banking regulators, an open credit union agency board meeting and […]
Host state loan-to-deposit ratios – used by regulators to determine compliance with rules to keep banks from opening branches just to gather deposits – were released by the federal banking regulators Friday; they replace ratios […]
Counterfeit checks using the correct routing number of a Georgia bank are being presented nationwide in connection with various online auction scams, the Office of the Comptroller of the Currency (OCC) warned Wednesday. In a […]
A final rule setting single-counterparty credit limits for bank holding companies and foreign banking organizations with $250 billion or more in total consolidated assets was approved by the Federal Reserve Board Thursday by a unanimous […]
Final rules on voluntary mergers and credit union membership are on the agenda for the National Credit Union Administration (NCUA) Board meeting June 21. The board will also hear briefings on the modernization of its […]
A bill that would, among other things, provide financial institutions an 18-month safe harbor for good faith compliance with the recent Financial Crimes Enforcement Network (FinCEN) customer due diligence (CDD) rule was pulled from the […]
Welcoming the regulator of national banks to testify before his committee Thursday, the chairman of the Senate Banking Committee indicated the agency would announce its final plans on a “fintech” charter in July. In opening […]
What a difference a word makes. Turns out that a request for information (RFI) by the Bureau of Consumer Financial Protection (BCFP) in May had a typo in its headline, resulting in “compliant” being substituted […]
Legal haggling over the federal consumer financial protection agency’s regulation of payday loans took a new turn in federal court in Texas Tuesday when a district court judge found the regulation’s effective date remains in […]
A civil money penalty of $5 million was assessed against a South Carolina firm and subsidiaries for making improper in-person and telephone collection attempts on consumer installment loans and retail sales installment contracts, the Bureau […]
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