Increases in the asset sizes of financial institutions exempt from home mortgage data reporting and from establishing escrows for higher-cost mortgage loans are set to take effect Jan. 1 under final rules of the Consumer […]
A material loss review of the $2.29 million estimated share insurance fund loss due to the failure of Indianapolis’ Newspaper Federal Credit Union earlier this year showed the institution failed due to fraud involving a […]
The “Other Real Estate Owned” (OREO) booklet of the Comptroller’s Handbook has been updated and replaces the booklet issued in September 2020, the Office of the Comptroller of the Currency (OCC) said in a bulletin. […]
Banks that choose to have their capital requirements determined under the voluntary community bank leverage ratio (CBLR) framework will be subject to a 9% CBLR beginning Jan. 1 to continue to qualify for the framework, […]
The federal regulator of credit unions has approved its fourth new federal credit union (FCU) charter for the year to facilitate services for the community of Eatonville, Fla., according to an agency announcement Tuesday. Named […]
A temporary final rule providing pandemic-related regulatory relief under rules on loan participations, eligible obligations, and occupancy requirements for certain properties has been extended until Dec. 31, 2022, by notation vote of the National Credit […]
Regulators have decided to leave unchanged their definitions of qualified residential mortgage (QRM), the community-focused residential mortgage exemption, and the exemption for qualifying three-to-four-unit residential mortgage loans under their 2014 federal credit risk retention regulations. […]
Temporary “no-action” relief under Regulation O for companies that manage funds investing in banking organizations was extended further in a revised statement Friday by the three federal banking regulators. The Federal Reserve, Federal Deposit Insurance […]
The operating budget of the National Credit Union Administration (NCUA) is rising to a total of $320.138 million, up 1.8% from the approved 2021 budget of $314.5 million, as a result of action Thursday by […]
The “normal operating level” (NOL) – or target equity ratio – for the federal fund that insures depositors’ money in credit unions will drop five basis points, from 1.38% to 1.33%, as of Jan. 1 […]
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