The long-promised Main Street Lending Program (MSLP) of the Federal Reserve is now fully operational and ready to purchase eligible loan participations by registered lenders, the Boston arm of the central bank said Monday. The […]
Title: National Bank and Federal Savings Association Digital Activities Subject: Technology Agency: OCC Status: Advance notice of proposed rulemaking Summary: The Office of the Comptroller of the Currency (OCC) is interested in making sure it […]
The borrowing authority for the facility designed to help credit unions meet liquidity demands, particularly due to the financial impact of the coronavirus crisis, rose to $25.8 billion by the end of May – an […]
Title: Activities and Operations of National Banks and Federal Savings Associations Subject: Bank, FSA operations Agency: OCC Status: Final rule Summary: The Office of the Comptroller of the Currency is issuing a final rule to […]
Title: Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Flood Insurance Subject: Flood insurance Agency: FDIC, Federal Reserve, NCUA, OCC Status: Notice and request for comment Summary: The OCC, Board, FDIC, […]
Management controls at the Asset Management and Assistance Center (AMAC) were shown to adequately protect personally identifiable information (PII) in liquidations of credit unions from 2008 to 2018, according to a report published recently by […]
Title: Higher-Priced Mortgage Loan Escrow Exemption (Regulation Z) Subject: Regulation Z, mortgage lending Agency: CFPB Status: Notice of proposed rulemaking (NPRM) Summary: The Bureau of Consumer Financial Protection (Bureau) is proposing to amend Regulation Z, […]
Business lending data collection, Home Mortgage Disclosure Act data points, debt collection, and more are yet to come under the current rulemaking agenda of the Consumer Financial Protection Bureau (CFPB). The agenda is the bureau’s […]
Nine banks earned ratings of “outstanding” for June in their performance evaluations for adhering to anti-redlining requirements, the regulator of national banks said Friday. One of those banks is among the largest in the country: […]
A virtual “Innovation Office Hours” giving participants an opportunity to discuss with regulators issues that touch on consumer protection and prudential regulation will be hosted jointly July 29-30 by the Consumer Financial Protection Bureau (CFPB) […]
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