Continuing a rate cap in place since 1987, the federal credit union (FCU) regulator on Thursday approved continuing the 18% loan interest-rate ceiling in effect for loans made by federal credit union loans for another […]
A criminal fine, restitution and jail time were ordered for a Minnesota real estate company, its owner, and its accountant for their part in a long-running fraudulent bidding and kickback scheme in connection with foreclosed […]
A new rule intended to clarify requirements for a federally insured credit union (FICU) when it proposes to acquire or merge with a bank or other institution was proposed by the National Credit Union Administration […]
A 275-plus page – and controversial – proposal to give some federally insured credit unions the ability to issue subordinated debt to help them meet their risk-based capital requirements was issued for a 120-day comment […]
A final rule adopted last November that implements a standardized approach for measuring counterparty credit risk (SA-CCR), and which begins taking effect April 1, is slated for publication Friday in the Federal Register. The rule […]
Forty percent of the seats to be filled for federal financial institution regulatory leadership were addressed last week when the White House announced the president’s intention to nominate two to the Federal Reserve Board – […]
The associate regional director of operations for the Western Region of the federal credit union regulator assumed her new role Jan. 5, the agency said in a release Tuesday. Julie Cayse took on the job, […]
A closed meeting slated Thursday by the board of the federal credit union regulatory agency will include consideration of one supervisory action and two personnel actions, all of which are closed to the public under […]
A fine of nearly $18 million is the result of findings of shortcomings in flood insurance protection for one of the nation’s largest banking organizations by the federal regulator of national banks, the agency said […]
Another member – William MacLeod – has been named to a taskforce formed recently by the consumer financial protection agency to review current laws and rules affecting consumer financial services, the bureau announced Friday, increasing […]
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