Whether to revoke or revise the “seasoned” qualified mortgage (QM) final rule issued in December is a question being mulled at the Consumer Financial Protection Bureau (CFPB), according to a statement issued Tuesday. The bureau, […]
Key provisions of a final rule creating a net stable funding ratio (NSFR) and requirement for certain banks with more than $100 billion in total consolidated assets – and set to take effect July 1 […]
Nine technical assistance videos focusing on fair lending compliance – including fair-lending risk mitigation and preparing for the regulator’s fair lending reviews – were released Tuesday by the Federal Deposit Insurance Corp. (FDIC) for supervised […]
Encouraging institutions to alter loan terms, easing of regulatory reporting requirements, and other supervisory practices in response to the impact of the Texas winter storms were outlined Monday by the federal financial institution regulators in […]
Largely driven by the economic disorder that followed in the wake of the coronavirus crisis, the nation’s banks saw their net income drop off more than 36% – nearly $85 billion – by year-end 2020 […]
The federal bank deposit insurer reported a total of four bank failures in 2020, with those failures estimated to have cost the deposit insurance fund a total of $99.5 million, according to the agency’s annual […]
Title: Risk-Based Net Worth – COVID-19 Regulatory Relief Subject: Risk-based net worth; COVID-19 Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is issuing this proposal to raise the asset threshold for defining a […]
Title: Corporate Credit Unions Subject: Corporate credit unions; subordinated debt Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule that amends the NCUA’s corporate credit union regulation. The final […]
Final rules on subordinated debt and corporate credit unions – and a proposed rule on risk-based net worth, COVID-19 regulatory relief – are scheduled to be published in the Federal Register Tuesday, which opens the […]
A firm alleged to have engaged in a predatory scam that traps immigrants held in detention by Immigration and Customs Enforcement (ICE) into paying expensive, long-term fees is being sued jointly by the Consumer Financial […]
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