A letter outlining options for federal credit unions (FCUs) to conduct annual meetings virtually, or to postpone them, to promote the social distancing called for in connection with the coronavirus pandemic was issued Friday by […]
Describing its efforts as “extensive new measures to support the economy,” the Federal Reserve early Monday announced at least a half-dozen additional measures to address the “tremendous hardship” caused by the coronavirus pandemic both domestically […]
Voluntary diversity assessments for banks and thrifts are due by May 31, an extended submission deadline, the federal insurer of bank deposits said Monday. In a financial institution letter (FIL-23-2020), the Federal Deposit Insurance Corp. […]
Any automatic limitations on capital distributions that could apply under the Federal Reserve’s “total loss-absorbing capacity” (TLAC) rule would be more gradual under a definition issued as a technical change Monday by the Federal Reserve. […]
Federal and state regulators – in urging financial institutions to work with borrowers on the financial impact of the coronavirus crisis – on Sunday pledged a “hands off” policy for banks, credit unions, and savings […]
To avoid delays during the coronavirus crisis, national banks and federal savings associations are being advised to use electronic methods for submitting licensing filings to their federal regulator, the agency said Friday. The Office of […]
A report to Congress on actions taken in 2019 under the Fair Debt Collection Practices Act (FDCPA) was issued Friday by the Consumer Financial Protection bureau (CFPB) and Federal Trade Commission (FTC), the two agencies […]
Federally insured credit unions looking for information to help them navigate the coronavirus (COVID-19) crisis can find resources and guidance via a new web page launched recently by the National Credit Union Administration (NCUA). Plans […]
A resource “hub” with curated information for business owners, employees, nonprofit, and community organizations impacted by the coronavirus (COVID-19) was launched Friday by the Federal Reserve Bank of New York. This web page is organized […]
The comment period will be extended on a proposal to require debt collectors to make certain disclosures when attempting to collect on debts that have exceeded the statute of limitations, the federal consumer financial protection […]
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