A consent order between the consumer financial protection agency and affiliated payday and auto-title lenders working in eight states imposes a judgment of about $3.5 million in consumer redress, but the settlement announced Tuesday provides […]
Several sections of the federal bank deposit insurer’s Consumer Compliance Examination Manual (CEM) have been revised, with SOURCE violation code revisions and changes in Community Reinvestment Act (CRA) performance evaluation templates among the changes. The […]
The head of the Federal Deposit Insurance Corp. (FDIC) on Monday issued a statement welcoming the acting head of the Office of the Comptroller of the Currency (OCC) to the FDIC Board, noting she looked […]
A public meeting of the Minority Depository Institutions Advisory Committee (MDIAC) of the Office of the Comptroller of the Currency (OCC) will be held by remote means June 17, the OCC announced Friday. The panel […]
A February survey of senior financial officers of banks representing some 75% of total banking system reserves showed that respondents’ “lowest comfortable level of reserves” was $650 billion, largely unchanged from the previous survey, a […]
Schedules for third- and fourth-quarter Community Reinvestment Act (CRA) examinations by the Federal Deposit Insurance Corp. (FDIC) show a total of 444 banks slated for the evaluations, with 64% of those coming up in the […]
Title: Director, Shareholder, and Member Meetings Subject: Director, shareholder, member meetings Agency: OCC Status: Interim final rule; request for comments Summary: The Office of the Comptroller of the Currency (OCC) is amending its regulations on […]
Title: Prompt Corrective Action: Earnings Retention Waivers and Net Worth Restoration Plans Subject: Prompt corrective action; coronavirus response Agency: NCUA Status: Interim final rule Summary: The NCUA Board (Board) is extending two temporary changes to […]
An interim final rule that relieves credit unions of the earnings transfer requirement when they drop from “well capitalized” to “adequately capitalized” status and eases net worth restoration plan documentation for “undercapitalized” credit unions takes […]
A revised “Sampling Methodologies” exam guide booklet has replaced versions previously used in examinations of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations, the Office of the Comptroller of […]
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