Key provisions of the revised Community Reinvestment Act (CRA) rule issued this June by the national bank regulator are highlighted in a bulletin issued Monday that also provides answers to 32 “frequently asked questions” (FAQs) […]
Farmers Bank & Trust Company (Blytheville, Ark.) was required to pay a $12,000 civil money penalty under a Nov. 6 order by the Federal Reserve Board citing the bank for violations of federal flood insurance […]
The coming week will bring updates on financial regulatory agencies’ activities and plans for supervision, including COVID-19 response, during two oversight hearings on Capitol Hill, with all four financial institution prudential regulators set to testify […]
Updates to the Financial Action Task Force (FATF) list of jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) and counter-proliferation financing deficiencies were issued in an advisory Friday from Treasury’s financial […]
A complaint against a debt-relief firm, debt-settlement firm, and the owner of both was filed Thursday by the Consumer Financial Protection Bureau (CFPB), which alleges one of the firms and the owner charged illegal advance […]
The consumer financial protection agency will take comments until Feb. 4 on its advance notice of proposed rulemaking (ANPR) on consumer access to financial records, according to a notice published Friday in the Federal Register. […]
Federal regulators on Friday issued a statement urging banks to begin working “without delay” to transition away from LIBOR (the London Interbank Offered Rate) as a reference rate in their loan contracts. “A bank may […]
A revised “Director’s Book: Role of Directors for National Banks and Savings Associations” and a newly published “Director’s Reference Guide to Board Reports and Information” were announced Thursday by the Office of the Comptroller of […]
A “no action letter” (NAL) giving Bank of America supervisory cover for its planned approach to small-dollar lending was granted Thursday, according to a release by the consumer financial protection agency. The Consumer Financial Protection […]
Public comments on a proposed rule codifying a 2018 statement on the role of supervisory guidance – binding regulators to that guidance and stating that such guidance does not have the force and effect of […]
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