At least 87 comments are now on file to the proposed change in the effective date of “ability to repay” provisions of the federal consumer financial protection agency’s regulation for payday lending, according to initial […]
A recent alert warns of a scam involving emails purportedly from a federal banking regulator about funds the agency is holding. The alert, from the Office of the Comptroller of the Currency (OCC), says consumers […]
A set of enforcement actions against national banks and foreign branches, a savings association and formerly institution-affiliated individuals was released Friday by the Office of the Comptroller of the Currency (OCC). The first three actions […]
A supervisory booklet that outlines effective recovery planning for banks under rules of the Office of the Comptroller of the Currency (OCC) has been updated and rescinds Version 1.0 issued in April 2018, the OCC […]
Twenty-two payments industry leaders and subject matter specialists – from banks, credit unions, payments system vendors, Treasury and others – have been named to the Federal Reserve-sponsored Fraud Definitions Work Group, the latest initiative in […]
Title: Loans to Members and Lines of Credit to Members Subject: Lending Agency: NCUA Status: Final rule Summary: The NCUA Board is amending its regulations regarding loans to members and lines of credit to members […]
Title: Disclosure of Financial and Other Information by FDIC-Insured State Nonmember Banks Subject: Reporting Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation (FDIC) is amending its regulations by rescinding and removing its […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The OCC, Federal Reserve Board, FDIC, FCA, and FHFA (each an Agency and, collectively, the […]
A settlement of $335 million with a prominent accounting firm is final, related to professional negligence claims brought against the firm after audits of a failed Alabama bank by its federal insurer. However, not everyone […]
Financial institutions and payment organizations should watch their mailboxes for invitations being sent this month to participate in the Federal Reserve’s triennial payments study – which will actually be two studies in one, the central […]
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