A non-bank, Illinois-based debt collector that specializes in collecting debt on behalf of telecommunications companies and furnishes information to consumer reporting agencies (CRAs) was assessed a $500,000 civil money penalty over findings that it violated […]
A final rule that removes a previous requirement that state-chartered, federally insured nonmember banks applying for new branches or offices, or seeking to relocate them, address compliance with historic preservation and environmental statutes takes effect […]
A proposed rule on capitalization of interest related to the agency’s rules for credit union share insurance is slated for consideration next Thursday by the National Credit Union Administration (NCUA) Board, according to the published […]
A final rule updating the federal credit union regulator’s corporate credit union regulation is set to take effect Dec. 14, according to a notice Thursday in the Federal Register. The final rule, approved by the […]
A controversial nominee to fill a seat on the Federal Reserve Board will receive a vote in the Senate, according to news reports Thursday, as soon as next week. Bloomberg News first reported the development. […]
A review of information furnishing to consumer credit reporting agencies over the past eight years shows a steady increase in actual payment furnishing for installment loan products but a significant decline in such information furnishing […]
Outreach – including meetings with stakeholders – on its advance notice of proposed rulemaking (ANPR) for reforming anti-redlining regulations will be held by the Federal Reserve over the next three months, the point person for […]
The former deputy director of the federal consumer financial protection agency, and the former chair of the federal regulatory agency for commodities markets, are both listed as leads for “agency review teams” that will aid […]
A report looking at debt delinquencies of young servicemembers leaving active duty show credit defaults and other “derogatories” are more likely to occur in the six months after separation for those who served at least […]
Key provisions of the revised Community Reinvestment Act (CRA) rule issued this June by the national bank regulator are highlighted in a bulletin issued Monday that also provides answers to 32 “frequently asked questions” (FAQs) […]
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