The head of the agency that charters national banks and thrifts on Wednesday welcomed a task force report from the consumer financial protection agency for “endorsing” the need for federal charters for financial technology – […]
A number of provisions contained in the massive appropriations and coronavirus relief legislation signed into law Dec. 27 are highlighted by the federal credit union regulator in a letter to credit unions, sent Thursday. The […]
Federal credit unions’ (FCUs) operating fees and all federally insured credit unions’ (FICUs’) 1% share insurance deposit adjustments will be invoiced in March and due to be paid no later than April 15, the National […]
A consent order citing deceptive acts or practices related to balance transfer credit cards offered through third parties by Mid America Bank & Trust Company in Dixon, Mo., was terminated Tuesday by the Federal Reserve […]
The $4.5 million-in-assets, 785-member C O Federal Credit Union of Charleston, S.C., has been placed in conservatorship because of unsafe and unsound practices, the National Credit Union Administration (NCUA) announced late Monday. The agency said […]
Eight of the 58 banks recently evaluated for compliance with the anti-redlining Community Reinvestmet Act (CRA) were deemed ‘outstanding,’ with the rest receiving ‘satisfactory’ ratings, according to data released by the Federal Deposit Insurance Corp. […]
The federal consumer financial protection agency on Tuesday reminded that mortgage lenders are due to file their mortgage loan/application registers (LARs) with federal regulators by March 1. The registers, containing Home Mortgage Disclosure Act (HMDA, […]
Expanding access to the payments system by non-bank providers, and eliminating overlapping examination subject areas by regulators, are among the recommendations – out of 100 total – from a taskforce on federal consumer financial law […]
Standards for determining the permissibility of a bank or federal savings association (FSA) acquiring and holding real estate used as its premises (FSA), and leasing excess space or capacity, would be defined and incorporated in […]
Stablecoins may be used to conduct payment activities and other bank-permissible functions by national banks and federal savings associations, their federal regulator said in a letter issued Monday. The letter, issued by the Office of […]
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