Title: Amendments to the Capital Plan Rule Subject: Capital Agency: Federal Reserve Status: Final rule Summary: The Board is amending the capital plan rule to limit the scope of potential objections to a firm’s capital […]
Two former bank tellers earned prison sentences and were ordered to pay more than $1.6 million in restitution this week for defrauding a Georgia bank, federal law enforcement authorities said. In a press release, the […]
A new “proof of concept” application for groups wishing to obtain a federal credit union charter is out for comment until May 10, according to a National Credit Union Administration (NCUA) notice published Monday (March […]
Federal banking agencies have finalized condition of income (call reports) and other reports addressing changes in the “current expected credit loss” (CECL) accounting standard and last year’s regulatory relief legislation, according to a letter sent […]
An updated list of rural and underserved counties where lenders are exempt from certain Truth in Lending Act (TILA) mortgage rule requirements has been published by the Consumer Financial Protection Bureau (CFPB) and announced to […]
A series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Alabama affected by severe storms, straight-line winds, and tornadoes was announced in a Financial Institution Letter (FIL) […]
The March 14 open meeting for the federal regulator of credit unions is expected to be a fairly brief one, with only two items slated for its agenda: a quarterly report on the fund that […]
Setting priorities for the federal consumer protection agency, including the tone for how it operates as an agency, are the tasks ahead for its new director, she told a congressional oversight hearing Thursday at the […]
A Financial Institution Letter (FIL) detailing changes in bank and thrift call reports related to the current expected credit losses (CECL) accounting standard and provisions of last year’s financial industry regulatory relief statute was issued […]
Four “frequently asked questions” issued by the federal consumer financial protection agency last month about the TILA-RESPA Integrated Disclosure (TRID) rule are a focus of an National Credit Union Administration (NCUA) Consumer Financial Protection update […]
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