More time given for credit unions to apply for community development grants

July 9, 2024 NCUA 0

The deadline is now July 12 for credit unions to apply for 2024 Community Development Revolving Loan Fund (CDRLF) grants, their federal regulator said late Monday announcing the extension.

The previous deadline was July 1.

According to the National Credit Union Administration (NCUA), it will administer more than $3.4 million in CDRLF grants to the most-qualified applicants, subject to the availability of funds.

NCUA Extends CDRLF Grant Deadline to July 12

Bureau takes aim at student lender, investor for making false claims, misrepresenting training quality

October 17, 2024 0

Inducing students to take out loans by allegedly misrepresenting the quality of the training programs at partner schools and making false claims about hiring rates and salaries is the basis of a lawsuit against a Las Vegas, Nev.-based student lender [...]
FDIC Board to take up DIF restoration plan, 2025 fund reserve ratio, official sign requirements

October 16, 2024 0

An update on the Deposit Insurance Fund (DIF) restoration plan, the fund’s 2025 designated reserve ratio and a delay in implementation of revised official sign requirements are on the agenda for Thursday’s open meeting of the Federal Deposit Insurance Corp. [...]
Leader for office battling harassment complaints named at FDIC; brings experience from former agency

October 16, 2024 0

An appointment for the director of an office handling agency employee complaints of harassment and other “interpersonal misconduct” was announced Wednesday by the federal insurer of bank deposits. Hansel J. Cordeiro, an attorney, was named director of the new Office [...]
WI mortgage firm would pay $1.9 million penalty for redlining in Birmingham, AL, pay $7 million in loan subsidies under settlement with Justice, CFPB

October 16, 2024 0

A proposed settlement over allegations of illegal mortgage lending discrimination against majority-Black neighborhoods in the greater Birmingham, Ala., would require a mortgage company in Wisconsin to pay a civil money penalty of $1.9 million, provide $7 million in loan subsidies [...]
Agency moves its Southern Region office, asset management group, to new Austin location

October 16, 2024 0

A move across town is in the works for the southern region office of the federal credit union regulator, the agency said Wednesday. The National Credit Union Administration (NCUA) said its regional office, along with the agency’s Asset Management & [...]
Federal, state regulators jointly focus on meeting financial services needs of Hurricane Milton-affected areas

October 15, 2024 0

Federal financial institution regulators and Florida’s financial regulatory office teamed up in a joint statement Tuesday on their supervisory considerations in addressing the needs of customers and financial institutions affected by Hurricane Milton. In a release Tuesday, the agencies – [...]
FDIC focuses relief on areas affected by Hurricane Milton, San Carlos Apache Tribe Watch Fire

October 15, 2024 0

Two letters to financial institutions were issued Tuesday to detail the measures in place to help financial institutions working in areas of Florida affected by this month’s Hurricane Milton and those in Arizona affected by the San Carlos Apache Tribe [...]
Comment period on FDIC’s brokered deposits proposal extended into November

October 15, 2024 0

The public comment period on the federal bank deposit insurer’s proposed tightening of brokered deposit restrictions has been pushed from Oct. 22 to Nov. 21, the agency announced in a recent Financial Institution Letter (FIL). The Federal Deposit Insurance Corp. [...]

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