“Critical information” for compliance with expiring pandemic-era protection programs for homeowners is addressed in a Letter to Credit Unions from their federal regulator Monday. The National Credit Union Administration (NCUA) letter, sent to all federally […]
Seven new positions will be added to the employee roster of the federal credit union regulator following a “midsession” budget review by the agency board Thursday. The money to pay for the positions was realized […]
Regulatory requirements and processes that the federal regulators use to review a voluntary liquidation of a mutual federal savings association (mutual FSA) have been updated, the Office of the Comptroller of the Currency (OCC) said […]
Community banks that invested more in technology before the onset of the coronavirus crisis generally made more loans and took in more deposits during the pandemic than did community banks that invested less in technology, […]
Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term as Comptroller of the Currency, the White House announced Thursday. A former special advisor for […]
A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule taking effect Jan. 1 – was approved unanimously […]
Whoever becomes the top regulatory supervisor for the Federal Reserve in the coming months can apparently count on the support of the current board chair in that position, as indicated in remarks Wednesday. During a […]
Updated rosters of members for four advisory councils of the federal consumer financial protection agency were published Wednesday, the result of an application process that began at year’s start. The Consumer Financial Protection Bureau (CFPB) […]
“Reputable members” of the U.S. blockchain and cryptocurrency industry have the opportunity to avoid the troubles that beset past financial innovations – such as the derivative industry – by looking to the past, particularly the […]
A California-based software company that helps credit repair businesses allegedly charge illegal fees now faces a lawsuit from the federal consumer financial protection agency for harming consumers and violating federal telemarketing sales rules, the agency […]
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