A credit repair company based in Boston faces a joint lawsuit by state and federal authorities charging the firm violated prohibitions against deceptive acts or practices in collecting at least $23 million in fees from […]
A reminder that credit unions have only until May 31 to apply to use the National Credit Union Administration’s streamlined process for obtaining community development financial institution (CDFI) certification was issued by email Friday by […]
Two templates that providers can use to seek “no action letters” (NALs) for use of a specific online mortgage loss mitigation application platform and for their small-dollar credit products were released Friday by the Consumer […]
Complaints about mortgages and credit cards top those related to the coronavirus crisis that have been received by the federal consumer financial protection agency during the pandemic, the agency said Friday, with total complaints reaching […]
Outgoing Comptroller of the Currency Joseph Otting received a warm farewell from the board chairman at the federal credit union regulator Friday, the first (and, so far, only) of the national bank regulator’s federal regulator […]
Lenders that participated in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) can begin reporting on PPP loans and collecting the processing fee on fully disbursed loans that they are eligible to receive, NCUA […]
The signature card requirement necessary to show joint ownership of a federally insured account in a credit union could be satisfied by information contained in the account records under a rule proposed Thursday by the […]
The “unremittingly awful” financial conditions have eased since the middle of March – when the economic impact of the coronavirus crisis became clear – due in part to actions taken by the Federal Reserve, the […]
An earnings retention requirement would be waived for “adequately capitalized” credit unions and net worth restoration plan requirements eased for some “undercapitalized” credit unions under an interim final rule approved Thursday by the federal credit […]
A proposed interim final rule to let federal credit unions (FCUs) decide how long members have to resolve account overdrafts went nowhere during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. The […]
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