Legislation expanding the frequency, scope and coverage of annual regulatory reviews by the federal financial institution regulators was easily passed by the House Tuesday, 264 – 143. The Comprehensive Regulatory Review Act (H.R. 4607) would […]
A $1.3 billion-in-assets, New Mexico bank holding company has had a five-year-old enforcement action against it by the Federal Reserve terminated, the central bank said Tuesday. In a release, the Fed said it had terminated […]
Three bills – extending the “qualified mortgage” safe harbor, reducing reporting requirements for smaller financial institutions, and combatting the financial network of transnational criminals – were approved by the House Tuesday. All three passed by […]
Two pieces of legislation on data security and breach notification, one still in draft form, will be examined during a hearing Wednesday by the House subcommittee on financial institutions. The 2 p.m. hearing on “Legislative […]
Credit union performance improved marginally in 2017 over the previous year, but nonetheless showed continued, consistent positive net income and net worth, year-end numbers from the federal credit union regulator showed Monday. Year-end (and fourth […]
Only one bank (out of 79) earned a rating of “needs improvement” in its Community Reinvestment Act (CRA) evaluations released Monday by the federal deposit insurer – and that bank no longer exists as a […]
Helping financial institutions “better understand” revisions made last year to federal mortgage disclosure requirements – including data collection and reporting provisions – is the aim of a new guide issued late last month, the federal […]
The advisory group of community banks for the federal consumer protection agency will hold its first meeting of 2018 later this month, largely to review the recent calls for “evidence” by the agency and other […]
Senate legislation widely considered to be a rewrite of the 2010 Dodd-Frank financial regulation law is expected to be considered on the floor this week – and is expected to be approved. The Economic Growth, […]
Comprehensive reviews of all rules by federal financial institution regulators – including the consumer protection agency and the credit union regulator – would be required every seven years rather than 10 under legislation set to […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info