Quick action by regulatory and political authorities in meeting the financial challenges of the coronavirus crisis was praised Thursday by the board chairman of the federal insurer of bank deposits Thursday in a speech before […]
An exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks and credit unions and their subsidiaries to all customers to facilitate purchases of property and casualty insurance policies […]
A proposed rule on derivatives and a final rule on corporate credit unions are the key regulatory actions slated for the National Credit Union Administration (NCUA) Board’s open meeting Oct. 15, according to an agenda […]
A proposed voluntary certification program to promote new technologies is one of five items on the agenda for the Oct. 14 inaugural meeting of an advisory committee of state regulators assembled by the federal insurer […]
A “general trend of decline” in the number of agreements between credit card issuers and institutions of higher education has continued over the 10 years ending in 2019, according to a report issued Thursday by […]
Two banks associated with the Morgan Stanley company face a $60 million civil money penalty (CMP) for the banks’ shortcomings in decommissioning two “wealth management” business data centers in the U.S. four years ago, the […]
A final rule temporarily lowering the community bank leverage ratio (CBLR) threshold to 8% through 2020 and transitioning it to 9% by 2022 is slated for publication Friday in the Federal Register. The final rule, […]
A $400 million civil money penalty (CMP) against Citbank, N.A., of Sioux Falls, S.D., was announced late Wednesday by the federal regulator of national banks, along with an enforcement action against the bank’s New York-based […]
A set of frequently asked questions (FAQs) on Real Estate Settlement Procedures Act (RESPA) section 8 prohibitions on kickbacks and unearned fee arrangements, as well as provisions defining fees and arrangements that are not prohibited, […]
In another sign of an economy slowing down, the Federal Reserve Wednesday said consumer credit decreased at a seasonally adjusted annual rate of 2% in August after seeing growth in the two previous months. According […]
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