The current expected credit loss (CECL) accounting standard will be one of the topics under discussion during the next meeting of the oversight group of federal financial regulators, set for next week. The Nov. 7 […]
National banks, federal savings associations (FSAs), and federal branches and agencies of foreign banks are allowed to close offices affected by wildfires and high winds in California at their discretion, according to a proclamation issued […]
Semiannual testimony would be required by the four federal financial institution regulators before Congress under legislation approved by a House committee Thursday. The Prudential Regulator Oversight Act (H.R. 4841), sponsored by Reps. Dean Phillips (D-Minn.) […]
Two former employees of credit unions were ordered prohibited by the financial institutions’ federal regulator this month, following sentencing for crimes committed, the agency said Thursday. The orders from the National Credit Union Administration (NCUA) […]
A student loan debt relief operation involving numerous companies has been forced to temporarily halt activities under a restraining order sought in connection with action filed by the Consumer Financial Protection Bureau (CFPB) and law […]
National Credit Union Administration (NCUA) Board Member Todd Harper wants his agency to implement a dedicated consumer compliance exam program for large, complex credit unions, and he’s inviting public input ons the proposal, which would […]
In a press conference largely dominated by questions about the latest interest rate-cutting action by the Federal Reserve’s rate-setting committee (of 25 basis points), the chair of the agency’s board indicated Wednesday that high leverged […]
Registration is open now for a webinar scheduled Nov. 19 on consumer financial regulation and protection topics by the National Credit Union Administration (NCUA), according to an agency release Wednesday. The webinar, “Fair Lending and […]
Dollar thresholds have been set at $58,300 for determining exempt consumer credit and lease transactions in 2020 under rule changes issued jointly by the Federal Reserve and the Consumer Financial Protection Bureau (CFPB) and slated […]
The appraisal exemption threshold under Regulation Z (Truth in Lending Act) for higher-priced mortgage loans (HPMLs) is rising from $26,700 to $27,200 as of Jan. 1, 2020, according to a filing with the Federal Register. […]
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