A former manager of a Kansas credit union and an employee of a New Mexico credit union were subject to prohibition orders in July, the federal credit union regulator said Friday, the former after being […]
A couple frequently asked questions (FAQs) on the impact of the transition away from LIBOR (London Interbank Offered Rate) on regulatory capital instruments were issued Thursday by the federal agencies that charter banks and thrifts […]
Two new standing repurchase agreement (repo) facilities – a domestic standing repo facility (SRF) and a repo facility for foreign and international monetary authorities (FIMA repo facility) – were created by the Federal Reserve’s monetary […]
Presented as a “major milestone in the transition away from U.S. dollar (USD) LIBOR,” a formal recommendation of a replacement for the LIBOR rate was made Thursday by the Federal Reserve-backed group that developed the […]
Slightly more Americans were not concerned about qualifying for a mortgage during the application process in 2019 (compared to the year before) before the COVID-19 pandemic began, according to updated mortgage loan-level data published Thursday […]
Tools being used by the Federal Reserve and other regulators – including revamping of federal anti-redlining regulations – are effective methods for pushing more credit into lower income households, and not necessarily lowering capital standards […]
An online tool aimed at helping renters and landlords affected by the COVID-19 pandemic find and apply for payment or assistance for rent, utilities, and other expenses was unveiled Wednesday by the federal agency charged […]
Three federal bank and credit union regulators are slated to testify next Tuesday before a Senate Banking Committee hearing, “Oversight of Regulators: Does our Financial System Work for Everyone?” Those scheduled to testify include Todd […]
Consumer credit applications have returned to pre-pandemic levels, the federal consumer financial protection agency said Tuesday, with “prime” and “near-prime” consumers driving the recovery – but subprime and “deep subprime” consumer applications remain down. In […]
Climate change and its impact on the risk it presents to national banks took a bigger role Tuesday with the appointment by the banks’ regulator of a climate change risk officer and membership in a […]
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