Collection of information related to garnishment of accounts containing federal benefit payments is under review by the Treasury, with comments due by March 6. The review is part of Treasury’s routine “paperwork and respondent burden” […]
“Small banks” are defined as those with assets of less than $1.226 billion, and “intermediate small banks” (or savings associations) are defined as those with assets of at least $307 and less than $1.226 billion, […]
Attempts to collect on a debt that has already been paid is the source of the most common complaint about collections, according to the CFPB’s latest monthly complaint snapshot released Dec. 27. According to the […]
Suggested steps for management to consider in preparation for implementation of the new current expected credit loss (CECL) accounting standard are among the items listed in a “frequently asked questions” document issued Dec. 19 by […]
New members to serve three-year terms are being sought for the Bank Secrecy Act Advisory Group (BSAAG) of the Financial Crimes Enforcement Network (FinCEN), under a notice scheduled to be published by the Federal Register […]
The scope of recordkeeping requirements of qualified financial contracts (QFC) for large financial institutions would be expanded under a proposed rule issued by the FDIC, with comments due by Feb. 27. The proposed expansion of […]
Nominations for appointment to three of CFPB’s advisory groups (councils and board) representing banks, credit unions and consumers will open Jan. 16, with completed applications due by March 1. The bureau expects to announce selection of […]
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