Guidance to address some primary related risks of working with credit union service organizations (CUSOs) is outlined in a letter from the federal credit union regulator issued late Monday. In a letter to all institutions […]
Tighter lending standards, and weaker demand, were reported during the fourth quarter for commercial and industrial (C&I) loans to businesses, while lending standards for households during the same period were tighter or remained the same […]
The supervisory approach for the new, lower reporting threshold of 25 closed-end mortgage loans was outlined Friday by two regulators – one for banks, one for credit unions – who both indicated limited action, if […]
No banks received a “needs improvement” or “substantial noncompliance” ratings in their anti-redlining evaluations released Thursday by the national bank regulator. Seven of the evaluations, out of 31 released, were “outstanding” ratings, the agency said. […]
An information technology (IT) exam program for banks adopted just about seven years ago is now “outdated” and in need of major changes in procedures, according to a report issued Wednesday by the inspector general […]
Guidance for complying with the new threshold for reporting closed-end mortgage loans, now at 25 originated in each of the two preceding calendar years, was issued Wednesday by the regulator of national banks In a […]
Fees would be capped at $8 for credit card payments made late, and an annual inflation adjustment would be eliminated, under a proposal issued Wednesday by the federal consumer financial protection agency. The advance notice […]
Theoretical and empirical papers on issues related to the performance and regulation of the financial sector are now being accepted for a bank research conference, hosted by the federal bank deposit insurance agency in late […]
A list of frequently asked questions (FAQs) on the current expected credit losses (CECL) accounting standard for credit unions has been updated by their federal regulator, along with the agency’s simplified tool for dealing with […]
An extension of 45 days to the comment period for proposed changes to rules about misrepresentations of deposit insurance was announced Monday by the federal bank deposit insurance agency. Comments will now be due by […]
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