Institutions originating fewer than 100 closed-end mortgage loans in either of the two preceding calendar years will not have to report data about closed-end mortgage loans, beginning July 1, according to a final rule scheduled […]
A final rule that permanently provides “tailored” exceptions to remittance rule requirements for banks’ and credit unions’ disclosures of exchange rates and covered third-party fees, and raises the safe harbor under the rule from 100 […]
A new term sheet offering up to $500 billion for its lending facility to shore up state and municipal governments was published Monday by the Federal Reserve, which the agency said was intended to help […]
An interagency policy statement proposed last October on the interpretation and application of the accounting industry standard for the treatment of credit losses has been made final, along with interagency guidance on credit risk review […]
The Federal Reserve, in number, matched a year’s worth of regulatory actions over just two months’ time in its efforts to help banking institutions and their customers withstand the financial impacts of the coronavirus (COVID-19) […]
Support for of an alternative reference rate by banking industry vendors should be started as soon as the end of next month and continue through year’s end, an industry group sponsored by the New York […]
There will be no hesitation in taking public enforcement action when appropriate against companies or individuals that abuse or scam consumers during the coronavirus crisis, the federal consumer financial protection agency warned Friday, and it […]
Restructuring existing loans, extending repayment terms, or easing terms for new loans using sound banking practices are among the actions recommended for South Carolina banks by the Federal Deposit Insurance Corp. (FDIC) as the banks […]
A change in methodology, announced Thursday, that captures the APO and FPO addresses of active-duty military personnel means those individuals’ incomes will now be included in the federal credit union regulator’s analysis of whether a […]
An application for a loan under the Paycheck Protection Program (PPP) is only a “completed application” once the creditor has received a loan number from the Small Business Administration (SBA) or a response about the […]
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