The relationship between subjective financial well-being and objective credit report characteristics and consumers’ engagement with financial information through educational tools is highlighted in a report issued by the federal consumer financial protection agency Tuesday. In […]
A final rule that gives qualifying community banks the option to use a “simplified” measure of capital adequacy instead of risk-based capital, beginning with their March 31, 2020, call reports, was approved Tuesday by the […]
Authority of low-income-designated credit unions (LICUs) to offer secondary capital accounts is outlined in a supervisory letter Monday from the federal credit union regulator, which updates the framework the agency uses to to analyze and […]
Information on appraisal management company (AMC) registration requirements, and how banks can satisfy real estate appraisal requirements if no state-supervised AMC is available, is provided in a bulletin issued Monday by the Office of the […]
A “call for ideas” was issued Friday by the federal agency charged with consumer financial protection on how a process called “tech sprints” could be used to encourage regulatory innovation and develop viable solutions to […]
Applications are due Oct. 5 for low-income credit unions that desire to be certified as Community Development Financial Institutions (CDFIs) using the “streamlined” certification process – a certification that is critical to securing funding next year – […]
The confirmation last week of Michelle (“Miki”) Bowman to a full, 14-year term on the Federal Reserve Board (beginning in February) left five more appointments to terms on federal financial regulators remaining to be either […]
Corrections by the Federal Reserve to Regulation CC revisions on funds availability (check holds) were forwarded to credit unions Monday in a Consumer Financial Protection Update (19-14) from the National Credit Union Administration (NCUA). The […]
Automobile loan originations, credit card account management, debt collection, information furnishing, and mortgage originations that were generally completed between December 2018 and March 2019 are outlined in the latest issue of the federal consumer financial […]
Title: Policy on the Compliance Assistance Sandbox Subject: Compliance assistance sandbox Agency: CFPB Status: Final Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing its final Policy on the Compliance Assistance Sandbox (Policy), which […]
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