The first federal credit union chartered in 2019 is now on the books, according to the federal regulator of the financial cooperatives, with service anticipated to 4,200 members and a variety of small businesses related […]
While rising business debt does not elevate risk to financial system stability, the level of debt could stress borrowers if the economy weakens, the chairman of the Federal Reserve Board said Monday. In a speech […]
Meetings of advisory councils and board of the federal consumer financial protection agency are on tap for next month, according to notices set for publication as early as Wednesday. In filings with the Federal Register […]
More than 5,500 credit unions are beginning to receive statements this week showing their share of a $160 million payout by their federal regulator of excess funds from the federal insurance fund for the cooperative […]
A webinar focusing on the interagency final rule on private flood insurance issued in February, and which goes into effect July 1, is scheduled June 18 by the federal insurer of bank deposits; the event […]
Attorneys at a law firm were not “meaningfully involved” in preparing or filing lawsuits over debt collection despite the law firm’s alleged representation that they were – and that was enough to trigger a lawsuit […]
A state-chartered, federally insured credit union that was taken over by New York regulators Friday is under conservatorship of the National Credit Union Administration (NCUA) and continues to serve members at all of its 22 […]
The Consumer Financial Protection Bureau’s (CFPB) proposal that, among other things, would allow debt collectors to attempt to contact consumers up to seven times a week by phone over a specific debt will be out […]
The federal credit union regulator’s “proof of concept” application for chartering new federal credit unions is entering its second phase of review, according to a notice of “information collection” to be published Tuesday in the […]
Financial system risk, the government’s fight against illicit financing, and low-income-designated credit unions’ ability to accept deposits from public units and nonmembers are the key topics showing up on federal regulators’ schedules for the week […]
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