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) […]
Fragility and funding stress in nonbank financial sectors during the coronavirus crisis – resembling the same effects to the same sectors during the global financial crisis of 10 years ago – highlights the importance of […]
Farmers Bank & Trust Company (Blytheville, Ark.) was required to pay a $12,000 civil money penalty under a Nov. 6 order by the Federal Reserve Board citing the bank for violations of federal flood insurance […]
The 2020 schedule of prices for payment services provided to depository institutions (priced services) will be maintained in 2021, the Federal Reserve said Tuesday, with one exception: the check services participation fee, which will see […]
Lending standards were largely tightened for both businesses and households during the third quarter, according to a report issued Monday based on responses from senior bank loan officers. In its October 2020 Senior Loan Officer […]
Credit risk is the top “emerging risk” listed by the regulator of national banks in its semi-annual report issued Monday on threats to the banking industry. According to its Semiannual Risk Perspective for Fall 2020 […]
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