Consumer credit applications have returned to pre-pandemic levels, the federal consumer financial protection agency said Tuesday, with “prime” and “near-prime” consumers driving the recovery – but subprime and “deep subprime” consumer applications remain down. In […]
Climate change and its impact on the risk it presents to national banks took a bigger role Tuesday with the appointment by the banks’ regulator of a climate change risk officer and membership in a […]
Credit unions should review a June 30 rule temporarily amending certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s (CFPB) Regulation X to assist borrowers affected by the COVID-19 emergency, their federal regulator said […]
Bookkeeping staffing and other operational deficiencies at an Illinois bank holding company have led the Federal Reserve to issue an enforcement order against it, which includes no payment of dividends to stockholders without supervisors’ prior […]
The strategic plan review for the federal credit union regulator’s board will not be on the agenda for its meeting Thursday after all, the regulator indicated Wednesday as it issued a revised meeting plan. However, […]
Loan conventions and use cases for how to best use an alternative to a soon-to-be-defunct LIBOR reference rate were recommended Wednesday by a Federal Reserve-sponsored committee. In a release, the Alternative Reference Rate Committee (ARRC), […]
Working together to jointly strengthen rules implementing anti-redlining laws is a commitment made by the three federal banking agencies Tuesday, according to a statement released by all three. The statement was released after one of […]
Rising concern about the growing use of “stablecoins” without a regulatory framework led to a meeting Monday of top banking regulators, the Treasury announced. Recommendations, based on the meeting and on a forthcoming report, are […]
Simplifying deposit insurance rules for revocable and irrevocable trusts, and amending a rule on mortgage service accounts coverage, are addressed in a proposed regulation issued by the federal insurer of bank deposits Tuesday. In a […]
Comments are due Sept. 17 about proposed guidance on third-party risk management at banks – including that related to deals with financial technology (fintech) firms – issued by the federal banking agencies, according to the […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info