Effective regulation, a forward-looking approach to innovation, and financial inclusion to better serve a changing population and economy are the top priorities of the federal credit union regulator, the agency’s board chairman said Friday. National […]
Two forms now contained in one vehicle that collect credit unions’ financial and non-financial information would be split into two separate vehicles under a plan proposed by the federal regulator of the financial institutions. The […]
Taking an apparent break from what had been (at least) a monthly exchange for four straight months, the June calendar for the chair of the Federal Reserve, released Wednesday, showed no meetings or conversations with […]
Making it official, the federal credit union regulator is issuing a final rule to change the name of its internal office that manages communications with Congress, other federal agencies, the press and the public at […]
An increased cost of liquidity to firms is caused by the Volcker Rule, while at the same time the rule does not decrease their exposure to liquidity risk, a new report issued Tuesday by a […]
Credit unions and other victims of fraud such as business email compromise are urged to file a complaint with federal law enforcement as soon as they identify suspicious activity, their federal regulator said in a […]
Use of an “alternative data” model for determining credit worthiness has resulted in 27% more applicants being approved, and 16% lower interest rates, than traditional models have recorded, the federal consumer financial protection agency said […]
Everyone deserves the same ability to make and receive payments immediately and securely, and every financial institution deserves the same opportunity to offer that service to its community, the Federal Reserve governor overseeing the agency’s […]
A new, round-the-clock real-time payment settlement service will be developed by the nation’s central bank, becoming available in four to five years, the agency said Monday. The new service from the Federal Reserve will be […]
One bank earned an “outstanding” rating and another a rating of “needs improvement” out of a total 75 evaluations conducted in May for Community Reinvestment Act (CRA) compliance by the federal insurer of bank deposits, […]
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