A letter communicating the June extension of the 18% federal credit union loan rate ceiling through March 10, 2023, was issued Thursday by the National Credit Union Administration (NCUA). The NCUA Board voted June 24 […]
Whether the new federal holiday of Juneteenth (marked for the first time as a federally observed break this past June) counts as a business day or federal holiday for purposes of mortgage rescissions and disclosures […]
The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of loan interest, the federal regulator of credit unions […]
Supplemental exam procedures on remittance transfers were issued Monday by the regulator of national banks, permanently allowing smaller institutions (those under $10 billion) to estimate certain fees and exchange rates when making disclosures to their […]
While pointing to a strengthening economy, the Fed’s vice chair on Wednesday indicated no plans for the present to slow the Fed’s purchases of Treasury and mortgage-backed securities, adding that any change in purchases will […]
Outdated practices for securing and managing mobile devices at the federal insurer of bank deposits has resulted in a series of control recommendations from an auditor brought in by the agency’s inspector general. According to […]
Fifty-three of the 57 banks receiving their Community Reinvestment Act (CRA) ratings this May were deemed to have turned in “satisfactory” performance for compliance with the anti-redlining law, according to information released Tuesday by the […]
Evictions of tenants in counties experiencing substantial and high levels of community transmission levels of the coronavirus are banned until Oct. 3 under an order issued Tuesday by the Centers for Disease Control and Prevention […]
References to the most recent mortgage servicing rules are included in an updated small-entity compliance guide published Wednesday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), the updates […]
Three out of the 14 banks whose Community Reinvestment Act (CRA) performance evaluation ratings were publicly available in July were rated “outstanding,” with the remaining 11 rated “satisfactory,” a federal banking regulator said Tuesday. The […]
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