The Federal Reserve’s liquidity facility to support lending through the Small Business Administration (SBA) Paycheck Protection Program (PPP) will be available to more lenders and now will also take purchased PPP loans as collateral, the […]
Risk management practices for a financial institution’s safe and sound use of cloud computing services and safeguards to protect customers’ sensitive information from risks that pose potential harm are outlined in an 11-page “statement” issued […]
Bank Hapoalim B.M. (BHBM), headquartered in Israel and operating in the United States, was assessed a $37.35 million civil money penalty (CMP) by the Federal Reserve Board Thursday over “unsafe and unsound practices” resulting in […]
Four areas of statutory changes that the federal credit union regulator said would assist its efforts “in light of COVID-19” were outlined in a letter from the agency’s chairman to the chairman of the Senate […]
Title: Bulletin 2020-02 – Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers Subject: Mortgage servicing transfers Agency: CFPB Status: Compliance bulletin and policy guidance Summary: The Bureau of Consumer […]
Tanya Green-Smith, a former employee of Northwood Federal Credit Union in Philadelphia, Pa., was permanently barred from future participation in the affairs of any federally insured financial institution under an order issued April 1 by […]
A question-and-answer blog post answering consumers’ questions about relief available to them related to the COVID-19 (coronavirus) pandemic was updated (from the April 10 version) and issued anew Thursday by the Consumer Financial Protection Bureau […]
The federal credit union regulator became the latest to call for an exemption for the institutions he supervises from new accounting rules requiring estimation of expected losses over the life of loans, known as the […]
Strategies credit unions can use to work with borrowers who experience financial hardship because of the coronavirus crisis are outlined by the federal credit union regulator in a letter to its supervised institutions released Thursday. […]
Two new fact sheets focusing on appraisals and other valuations and their delivery in home mortgage loan applications were released Thursday by the federal consumer financial protection agency, which said the documents were issued in […]
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