The federal regulator of credit unions issued a letter to the industry Thursday emphasizing the importance of as many credit unions as possible subscribing to its liquidity facility to maximize support to all credit unions, […]
The permanent threshold for collecting and reporting data about closed-end mortgage loans will be 100 loans – up from 25 loans – as of July 1 under a final rule issued by the federal consumer […]
Two interim final rules to give regulatory relief, as well as temporary real estate appraisal relief, to credit unions through Dec. 31 of this year amid the ongoing coronavirus (COVID-19) pandemic were adopted unanimously by […]
The facility aimed at supporting the paycheck protection program (PPP) loan program by extending credit to financial institutions that make PPP loans – using the loans as collateral – is now “fully operational” and available […]
Updates to the manual used to guide examinations of banks’ and credit unions’ compliance with Bank Secrecy Act/anti-money laundering (BSA/AML) requirements – to promote transparency but setting no new requirements – were released Wednesday by […]
Lending activity was mixed at banks in different regions around the country over the last six weeks, according to the latest report on economic and financial activity from the Federal Reserve’s 12 district banks, released […]
A September bank research conference scheduled jointly by the Federal Deposit Insurance Corp. (FDIC) Center for Financial Research and the Journal of Financial Services Research (JFSR) has been postponed until fall 2021 due to the risks posed […]
A Borrower Protection Program involving the interagency sharing of mortgage servicing information during the coronavirus (COVID-19) national emergency was announced Wednesday by the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA), […]
All four advisory committees to the Consumer Financial Protection Bureau (CFPB) will meet publicly by conference call May 1 to discuss a single agenda item, “impacts on consumers related to the COVID-19 [coronavirus] pandemic,” according […]
Temporary deferrals on real estate-related appraisals and evaluations under federal banking agencies’ interagency appraisal regulations were issued late Tuesday for up to 120 days. The National Credit Union Administration (NCUA) Board is considering a similar […]
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