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 […]
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, […]
Credit unions overall saw their assets, loans and savings totals grow in the first quarter, but ongoing challenges will combine to lower earnings, loan growth and credit quality over the rest of the year, their […]
A spreadsheet tool to help smaller banks deal with a new accounting standard on current expected credit losses (CECL) by using the banks’ loan-level data and management assumptions will be released next week by the […]
Results of 2022 stress tests of 34 banks with assets of more than $100 billion will be released Thursday, the Federal Reserve said late Monday, referring to tests aimed at measuring the impact of a […]
The deadline is June 24 for applying for more than $1.5 million in grants for underserved outreach and cybersecurity to eligible low-income-designated credit unions through a loan fund offered by the federal credit union regulator, […]
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