An interpretive rule that applies some Regulation Z (Truth in Lending Act) requirements to lenders marketing “buy now, pay later” (BNPL) loans that are accessed through digital user accounts is set to take effect July […]
The federal regulator of credit unions has issued a charter under its provisional charter pilot initiative for what is called the Fair Break Federal Credit Union in Memphis, Tenn., the agency said Thursday. Under the […]
Federally insured credit unions (FICUs) grew their total assets by $96 billion to a total of $2.31 trillion in the first quarter of 2024 – an increase of 4.4% from a year ago, the federal […]
This story has been updated to include a link to a Federal Register notice of final rule, which has an effective date of Sept. 16. Implementation dates are phased in. Nonbank firms that are subject […]
None of the 19 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in May was rated “needs to improve” or “substantial noncompliance,” the Office of the Comptroller of the Currency (OCC) said Monday. […]
A statement that the Electronic Fund Transfer Act (EFTA) and Regulation E protect consumers when funds are wired from their account without authorization was submitted by the federal consumer financial protection agency in an ongoing […]
Four former credit union employees – one of whom was sentenced in April after being charged then pleading guilty to numerous counts that included grand theft and forgery – are permanently barred from participating in […]
Junk fees that the federal consumer financial protection agency says are pushing up mortgage closing costs are the object of a public inquiry announced Thursday. A request for information (RFI) from the Consumer Financial Protection […]
The special committee established last year to conduct an independent review of allegations of sexual harassment and other misconduct at the Federal Deposit Insurance Corp. (FDIC) was terminated Thursday, the agency announced in a release. […]
The national bank regulator plans to conduct reviews of 138 banking institutions’ performance under the Community Reinvestment Act (CRA) during the third and fourth quarters of 2024, according to the evaluation schedule released Thursday. The […]
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