The nominee for a seat on the federal credit union regulator’s board stayed close to the script of his opening statement and faced limited questions during a hearing Tuesday before a Senate committee. After Kyle […]
There will be no changes to prices for payment services in 2021, out of deference to the impact of the coronavirus crisis, the Federal Reserve said Tuesday in an early declaration of its plans for […]
A bank that makes a loan would be determined a “true lender” under the provisions of a rule proposed Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said […]
Public input on a potential voluntary certification program for banks to pursue in setting standards for their technology use – and particularly models of such programs used by so-called “fintechs” – is being sought by […]
Dollar amounts for provisions in truth-in-lending regulations for credit cards and mortgages have been adjusted for consumer prices as of the beginning of this summer, the federal consumer financial protection agency said Monday. More specifically, […]
There was a net reduction of 211 banks nationwide at the end of last year compared with year-end 2018, the Federal Reserve reported Friday, and a net reduction of 1,182 branches and additional offices over […]
A “trends view” of consumer complaints which allows users to see information about complaints over time using a set of filter options has been added to the consumer complaint database of the federal consumer financial […]
Paycheck Protection Program (PPP) loans to businesses owned by their directors and certain shareholders who are also bank directors, officers and shareholders will be allowed – subject to certain limits, and without favoritism – under […]
Regulatory relief is extended to financial institutions in Michigan affected by the recent severe storms and resulting flooding from a failed dam, the federal insurer of bank deposits said Thursday. In a financial institution letter […]
Nominations for the committee tasked with helping the regulator of national banks assess needs and challenges facing minority deposit institutions are being taken now, the agency said Wednesday. The Office of the Comptroller of the […]
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