Grants totaling $2 million to 203 low-income credit unions to help them improve digital services and security, increase outreach to underserved communities and to train employees have been awarded, the federal regulator of credit unions […]
Four individuals from credit unions were prohibited in October from participating in affairs of any federally insured financial institution, the federal regulator of credit unions said Wednesday. In a release, the National Credit Union Administration […]
Updated standards for financial firms to use in measuring counterparty credit risk posed by derivative contracts under regulatory capital rules were proposed by the three federal banking agencies Tuesday. According to the agencies, the proposed […]
As many as 13 deregulatory actions by federal financial institution regulators – including five by the credit union regulator – have been adopted or are in progress during the administration of President Donald Trump, according […]
A proposal to remove a requirement for certain banks that they prepare and make publicly available annual disclosure statements of financial data is the topic of a financial institution letter (FIL) issued Tuesday by the […]
Banks’ “affirmative obligation” to serve local communities in which they do business is as powerful today as it was more than 40 years ago when anti-redlining laws were adopted, the former chairman of the federal […]
When the federal consumer financial protection agency announced Friday that it would issue a proposal to ‘reconsider’ its payday lending regulation, it signaled yet a new chapter for a final rule that was issued more […]
Tax time represents a unique opportunity for many consumers, particularly those with lower incomes, to make decisions about saving all or some of their tax refund to improve their financial standing, a new paper released […]
Proposed rules that will “reconsider” its rules regarding payday lending are expected to be issued in January, the federal consumer financial protection agency said Friday. In a statement, the Bureau of Consumer Financial Protection (BCFP, […]
A series of town halls focusing on Federal Reserve proposals to bring about real-time interbank settlement of faster payments in the United States gets underway Tuesday in Philadelphia (from 12-3) and follows up in 11 […]
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