Consumers’ credit-card application rates drop sharply as consumers reach their minimum credit scores but trend “steadily upward” after they hit bottom, according to a report Thursday from the federal consumer financial protection agency. Additionally, the […]
Heightened business debt – primarily through leveraged lending – is not increasing overall financial stability risks, the Fed’s top regulatory official said Thursday. In a speech, Federal Reserve Board Vice Chairman for Supervision Randal Quarles […]
As it gets ready to propose a revamp of its rules implementing anti-redlining laws, the federal insurer of bank deposits is also readying exams under current rules for more than 500 banks in the second […]
Title: Public Unit and Nonmember Shares Subject: Nonmember deposits Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the NCUA’s public unit and nonmember share rule to allow federal credit unions (FCU) […]
A comment deadline of July 29, or about that date, is slated for a proposed rule issued last week that would increase the amount of public unit and nonmember shares that could be held by […]
A release issued Wednesday by the federal regulator of credit unions affirms the agency’s planned participation in financial industry regulators’ June 18 webinar providing updates to the federal flood insurance rule. The one-hour webinar, set […]
A proclamation permitting national banks, federal savings associations (FSAs), and federal branches and agencies of foreign banks that are affected by severe flooding in the South Central United States to close was issued late Tuesday […]
A civil money penalty of $200,000 and restitution of $36,000 must be paid by a Texas mortgage servicer under the terms of a settlement announced Wednesday by the federal consumer financial protection agency. The Consumer […]
A “draft document for internal discussion” about revamping rules implementing the anti-redlining Community Reinvestment Act (CRA) could be ready within the next week, with a notice of proposed rulemaking possible later this summer, the board […]
Net income at federally insured banks and thrifts was $60.7 billion in the first quarter of this year, up 8.7% (or $4.9 billion) from the same quarter a year earlier, the federal insurer of bank […]
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