Two former credit union employees were prohibited, and five others faced notices of prohibition, from the National Credit Union Administration (NCUA) in actions by the agency in July. In a release Wednesday, NCUA said that […]
Credit risk, particularly among institutions with concentrations of credit, and market risk with an interest-rate environment presenting earning and funding challenges to banks are the key hazards for banks in the months ahead, especially as […]
Input on a consumer bureau advance notice of proposed rulemaking (ANPR) on potential changes to the definition of “qualified mortgage” (QM) in light of the planned expiration of a temporary QM category for agency loans […]
Title: Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z) Subject: Qualified mortgage Agency: CFPB Status: ANPR Summary: With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of […]
How examinations are conducted for credit unions on liquidity and interest-rate risks is the subject of an Aug. 14 webinar hosted by the federal regulator of credit unions, including a focus about how different credit […]
A Louisiana man pleaded guilty to lying to financial institutions, insurance providers and government entities in an attempt to secure $17 million in loans and credit for his various farming enterprises, the Justice Department and […]
A final rule by the federal bank deposit insurer giving covered depository institutions an option to seek more time to comply with a rule on recordkeeping for timely deposit insurance determination is set to publish […]
Just in time for the group’s meeting this week, the charter of the Community Bank Advisory Committee (CBAC) to the federal insurer of bank deposits has been recommended for renewal by the agency’s board chairman. […]
Title: Exceptions to Employment Restrictions under Section 205(d) of the Federal Credit Union Act (“Second Chance IRPS”) Subject: Prohibitions Agency: NCUA Status: Final IRPS Summary: The NCUA Board (Board) is issuing for public comment a […]
A proposal that updates the federal credit union regulator’s interpretive ruling and policy statement (IRPS) regarding statutory prohibitions of individuals from financial institution service – called the agency’s “second chance” IRPS – will be out […]
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