The Democratic member of the National Credit Union Administration (NCUA) Board last week outline five priorities for congressional action to better equip the agency to contain the impact on the credit union industry of the […]
Title: Treatment of Pandemic Relief Payments Under Regulation E and Application of the Compulsory Use Prohibition Subject: Reg E; coronavirus payments Agency: CFPB Status: Interpretive rule Summary: The Bureau of Consumer Financial Protection (Bureau) is […]
The regulator of national banks on Friday issued a bulletin to supervised institutions underscoring the federal regulator’s “exclusive visitorial authority” over the institutions, including with respect to their involvement in federal COVID-19 (coronavirus) financial support […]
Title: Regulatory Capital Rule: Paycheck Protection Program Lending Facility and Paycheck Protection Program Loans Subject: Capital; member business lending Agency: NCUA Status: Interim final rule; request for comments Summary: The NCUA Board (Board) is issuing […]
Civil money penalties (CMPs) against two bank-affiliated individuals, related to findings of unsafe or unsound practices and breaches of fiduciary duty, are among the 13 administrative (enforcement) actions taken in March and disclosed Friday by […]
Efforts are underway at the Federal Reserve to provide more Small Business Administration-qualified lenders access to a Federal Reserve facility created to support the SBA’s Paycheck Protection Program “as soon as possible,” the Fed said […]
The Federal Reserve Board on Thursday announced temporary actions to make intraday credit more readily available – on a collateralized and an uncollateralized basis – to financial institutions experiencing disruptions from the coronavirus (COVID-19) pandemic. […]
Recent changes in credit unions’ federal appraisal requirements and changes specifically affecting federally backed mortgage loans – most of them responding to disruptions brought by the coronavirus pandemic – are detailed in a new letter […]
Title: Regulatory Capital Rule: Temporary Changes to and Transition for the Community Bank Leverage Ratio Framework Subject: CBLR framework Agency: Final rule Status: Interim final rule; request for comments Summary: The Office of the Comptroller […]
A webinar slated Thursday by the federal bank and credit union regulatory agencies will answer the question of how banks and credit unions can be lenders in the Small Business Administration (SBA) Paycheck Protection Program […]
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