Attorneys at a law firm were not “meaningfully involved” in preparing or filing lawsuits over debt collection despite the law firm’s alleged representation that they were – and that was enough to trigger a lawsuit […]
The federal credit union regulator’s “proof of concept” application for chartering new federal credit unions is entering its second phase of review, according to a notice of “information collection” to be published Tuesday in the […]
To all of our readers (and especially our subscribers): Thanks for visiting — and, we hope, using — Regulatory Report on a regular and even daily basis. Our mission, as we see it, is to […]
Debt collectors would be allowed up to seven telephone-contact attempts a week with consumers about a specific debt under a proposal issued by the federal consumer financial protection agency Tuesday. In a release, the Consumer […]
Penalties for filing late call reports for the third quarter of 2018 will be assessed to nine credit unions, the federal regulator of credit unions said Monday. The credit unions agreed to pay the civil […]
Banks and thrifts began receiving Monday a “financial institution letter” (FIL) outlining proposed changes to call reports which introduce a new community bank leverage ratio (CBLR) schedule, the federal insurer of bank deposit said. The […]
A former executive at Centennial Bank in Lubbock, Texas, is now prohibited from participating in the affairs of a federally insured financial institution under a consent agreement made public Thursday by the Federal Reserve. The […]
The latest research on challenges faced by low- and moderate-income families when moving into the middle class, as well as threats to the economic security of middle-class households, will be featured at the Federal Reserve’s […]
Raising the coverage thresholds for collecting and reporting data about closed-end mortgage loans and open-end lines of credit under federal disclosure rules was proposed Thursday by the Consumer Financial Protection Bureau (CFPB). In a release, […]
A fact sheet addressing whether a “Loan Estimate and Closing Disclosure” is required under federal truth-in-lending and settlement procedures disclosures when a mortgage is assumed was published Wednesday by the federal consumer financial protection agency. […]
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