Legislation that would address “tough legacy” contracts under a now-defunct interest rate reference was approved by the Senate 68-31 March 10 and signed into law by President Joe Biden (D) Tuesday. The legislation, part of […]
The agency’s annual strategic and performance plans will be up for consideration at the next meeting of the federal credit union regulator’s board March 17, the agency said Thursday. The board of the National Credit […]
Issues facing rural America are the focus of an initiative launched Thursday by the federal consumer financial protection agency, with particular initial emphasis on rural banking deserts, discriminatory and predatory agricultural credit, and manufactured housing, […]
Reducing risks posed by digital assets while promoting “a fairer, more inclusive, and more efficient financial system” were vowed by leaders of two key financial regulatory agencies in response to the “digital assets” executive order […]
A “coordinated and comprehensive approach” to digital asset policy is the aim of an executive order issued early Wednesday by President Joe Biden (D) that is widely viewed as a first step toward regulation of […]
Digital assets are the focus of a new consumer education effort announced Tuesday by the Treasury Department, which will run in tandem with analysis of the impact of climate change on household and community financial […]
Overdraft protection programs – and their fee structures, public views of the services, and market changes – are on the agenda for a March 23 webinar sponsored by the federal credit union regulator. The National […]
Red flags to assist in identification of suspected evasion of sanctions implemented in connection with the Russian invasion of Ukraine are highlighted in an alert issued Monday by the Treasury Department’s top financial law enforcement […]
Regulators’ efforts aimed at increasing banking access to low-income, less-educated, and minority households should include performance measures to determine their effectiveness, the congressional watchdog recommended Monday. In a report, the Government Accountability Office (GAO) said […]
Credit unions posted solid financial results for 2021 with return on average assets (ROAA) and net worth both exceeding the numbers posted the previous year, the federal credit union regulator said Monday. In releasing fourth-quarter […]
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