Most households in the U.S. held at least one credit union or bank account in 2019, as the number of “unbanked” households dropped from two years earlier, the federal insurer of bank deposits said Monday. […]
Title: Community Reinvestment Act Subject: CRA Agency: Federal Reserve Status: Advance notice of proposed rulemaking Summary: The Board of Governors of the Federal Reserve System (Board) is publishing for public comment an advance notice of […]
A reference chart that breaks down and describes, one by one, the data points required to be collected and reported by lenders in 2021 under the Home Mortgage Disclosure Act (HMDA), and provides filing instructions […]
Seemingly defying an order from the president to stop certain types of diversity training, and getting in line with business groups outwardly opposing that dictum, the chairman of the federal credit regulator’s board said Monday […]
A resource guide to promote private and philanthropic investment partnerships with minority depository institutions (MDIs) and community development financial institutions (CDFI) banks insured by the Federal Deposit Insurance Corp (FDIC) was published Friday by the […]
Transitioning from LIBOR – the widely used but soon-to-be defunct benchmark interest rate banks use to lend to one another, and which also serves as the reference rate for loans to consumers for such products […]
The schedule for Washington next week shows final action ahead at the Federal Deposit Insurance Corp. (FDIC) on the net stable funding ratio (NSFR), participation by Federal Reserve Board Chair Jerome H. (“Jay”) Powell in […]
A proposed revision of anti-redlining rules is scheduled to be unveiled for public comment Monday in the Federal Register, with a 120-day comment period assigned, ending on Feb. 16, 2021. In publishing the 173-page advance […]
Title: Transition to the Current Expected Credit Loss Methodology Subject: CECL Agency: NCUA Status: Final rule Summary: This final rule facilitates the transition of federally insured credit unions (FICUs) to the current expected credit loss […]
Title: Real Estate Appraisals Subject: Appraisals (coronavirus response) Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, and FDIC (collectively, the agencies) are adopting as final the interim final rule published by […]
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