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 […]
The date of the issuance of a controversial final rule on small business lending data collection and reporting is “to be determined,” but it will be well into the administration of the new president and […]
In an effort to generate more comments by Dec. 1 on its request for information (RFI) on equal credit opportunity, the federal consumer financial protection agency is focusing on “limited English proficient” consumers and how […]
The acting top regulator of national banks Tuesday was joined by the chairman of the board for the insurer of bank deposits in marking the resignation of the chairman of the Securities and Exchange Commission […]
A Senate vote on confirmation of the president’s nomination of Judy Shelton to a seat on the Federal Reserve Board could come as early as Tuesday or Wednesday, with approval of the controversial figure considered […]
The new framework for achieving price stability and maximum employment that will be used by the Federal Reserve in determining monetary policy was outlined Monday by the vice chair of the agency board, as he […]
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