Two members of the three-member National Credit Union Administration (NCUA) Board on Thursday in open session took issue with the agency’s budget proposal as drafted and said they would be seeking changes – including the […]
Credit unions would be permitted to include unpaid interest in loan workouts and modifications for all types of member loans – including commercial and business loans – under a rule proposed Thursday by their federal […]
The threshold at which annual assessment fees will be applied to bank holding companies (BHCs) and savings and loan holding companies (SLHCs) will rise from $50 billion to $100 billion in total consolidated assets under […]
Two new recommendations were made to the National Credit Union Administration (NCUA) in a recent audit report to help the agency improve the effectiveness of its information security and its privacy programs and practices, the […]
Experienced financial advising firms are being sought to develop a structure and “operational aspect” for the new “Mission-Driven Bank Fund” being established by the federal insurer of bank deposits to assist minority depository and community […]
Dollar thresholds for transactions exempt from consumer credit and lease rules will remain unchanged at $58,300 in 2021, the Federal Reserve and Consumer Financial Protection Bureau (CFPB) announced Tuesday. The exemptions are provided under Regulation […]
The threshold for exempting loans from special appraisal requirements applied to higher-priced mortgage loans under the Truth in Lending Act will remain at $27,200 in 2021, unchanged from this year’s threshold, according to an announcement […]
Acting Comptroller of the Currency Brian Brooks is expected to be nominated by President Donald Trump for a five-year term as the head of the Office of the Comptroller of the Currency (OCC), the White […]
Confirmation of a controversial nominee to the Federal Reserve Board was blocked Tuesday by the Senate after the nominee could not achieve the bare number of votes. However, the vote could be brought up again […]
The federal credit union regulator’s inspector general (IG), in a recent report, said an audit by KPMG of the agency’s schedule of other assets and contributed capital as of Sept. 30, 2020, found that the […]
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