Banks and their organizations will be required to neutralize the effect under the liquidity coverage ratio (LCR) rule of participating in new emergency facilities set up by the Federal Reserve to deal with the impact […]
A bulletin transmitting a public inquiry, and the answer provided jointly by two federal banking agencies, regarding the impact of recent financial market volatility on banks’ responsibilities under the market risk capital rule was issued […]
Tightened standards and terms on a wide variety of loans were imposed by banks in the first quarter of 2020, with much of that action taken during the latter part of the quarter as financial […]
Of the 85 banks listed in the most recent releases of Community Reinvestment Act (CRA) evaluation ratings, eight were deemed “outstanding” and two were rated “needs improvement,” according to federal banking regulators. Monday, the Federal […]
Substantial declines in consumer credit applications – specifically, related to auto loans, new mortgages, revolving credit cards, and unspecified or other credit – occurred between the first and last weeks of March, according to a […]
“Tech sprints,” innovation in expanding access to credit, enforcement settlements and outreach are all areas the federal consumer financial protection agency points to as highlights in its fair lending efforts in a report released Thursday. […]
Compliance deadlines for foreign banking organizations (FBOs) under the Federal Reserve Board’s single-counterparty credit rule are delayed to July 2021 and January 2022 under a final rule announced Friday. The Fed proposed extending the compliance […]
Title: Application of Certain Provisions in the TILA-RESPA Integrated Disclosure Rule and Regulation Z Right of Rescission Rules in Light of the COVID-19 Pandemic Subject: Mortgage originations; coronavirus response Agency: CFPB Status: Interpretive rule Summary: […]
A Tennessee regulator has been re-elected chairman of the panel representing state supervisory agencies before the umbrella group of federal financial institution regulators, the group announced Friday. Greg Gonzales, commissioner of the Tennessee Department of […]
The Federal Reserve’s liquidity facility to support lending through the Small Business Administration (SBA) Paycheck Protection Program (PPP) will be available to more lenders and now will also take purchased PPP loans as collateral, the […]
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