Communicating the appropriate use of alternative data in the underwriting process with banks that engage in third-party relationships with fintech lenders is one of three recommendations from the congressional watchdog that the Federal Reserve that […]
Practices and financial products that may leave workers indebted to their employers is the focus of an inquiry launched Thursday by the Consumer Financial Protection Bureau (CFPB). In a request for information (RFI), the bureau […]
An operator of a California-based student loan debt relief firm would be banned from the industry after allegedly withdrawing more than $240,000 from student loan borrowers’ accounts without their authorization, the federal consumer financial protection […]
The proposed, new rules implementing anti-redlining laws offer banks incentives to invest in and support minority depository institutions (MDIs) and community development financial institutions (CDFIs), the leader of the national regulator of banks said Thursday. […]
The Senate confirmed the chairman of the board of the federal credit union regulator for a new term in office, ending in 2027, on a bipartisan vote of 59-40 Wednesday. National Credit Union Administration (NCUA) […]
The nominee for Federal Reserve vice chair for supervision took an important step Wednesday to being confirmed after a Senate committee recommended him to the full body to take the seat. The Senate Banking Committee […]
A webinar that focuses on challenges faced by small credit unions is scheduled for two weeks from today by the National Credit Union Administration (NCUA), the agency said in an “express” announcement Wednesday. The agency […]
A webinar where credit unions can ask their federal regulator questions about the March 2022 call report cycle, and learn about improvements coming up for the June cycle, is scheduled June 23 and open for […]
Recommendations for contracts linked to a now-defunct reference rate – and which will no longer be of use after June 2023 – were issued Wednesday by a Federal Reserve-sponsored group that developed an alternative rate. […]
A “no action letter” (NAL) has been terminated at the request of the company that initially received it so the firm could change its underwriting and pricing models but not be subject to additional review, […]
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