Findings from a review of the overall effectiveness of the Home Mortgage Disclosure Act (HMDA) rule, from 2015 forward, are provided in 177-page report released Friday by the Consumer Financial Protection Bureau (CFPB). The bureau […]
A group of former top regulators of national banks, along with the current administrator, gathered Thursday in Washington to mark the 160th anniversary of the founding of the agency – including the quartet of helmsmen appointed […]
Three banks – including two in Utah – earned “outstanding” ratings in December for their compliance with anti-redlining rules, the federal insurer of bank deposits said Friday. Another 49 banks, the Federal Deposit Insurance Corp. […]
The list of Community Reinvestment Act (CRA) ratings made public in February included five banks rated “outstanding” and 17 banks rated “satisfactory,” the Office of the Comptroller of the Currency (OCC) said. The agency notes […]
Title: Chartering and Field of Membership Subject: Federal credit unions; chartering, membership Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is proposing to amend its chartering and field of membership (FOM) rules […]
Borrowers who use “Buy Now, Pay Later” (BNPL) programs are more likely to exhibit measures of financial distress than non-users, and they are also more likely to be active users of high interest products including […]
Talks over a possible central bank digital currency (CBDC) will be held in coming months among leaders from key federal offices, including the White House, banking regulators and economic analysts, the Treasury’s top regulator of […]
Federal credit unions (FCUS) may continue to charge up to 18% interest on their loans, their federal regulator reminded them Wednesday in a letter, over the 18-month period that starts March 11. The National Credit […]
High fees through financial products that “chip away” at public benefits such as Social Security and unemployment compensation are highlighted by the federal consumer financial protection bureau in an Issue Spotlight made public Wednesday. The […]
A set of proposed revisions to the federal credit union regulator’s chartering and field-of-membership manual is out for comment until May 30, according to a notice in Tuesday’s Federal Register. The proposed rule was issued […]
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