Anyone in banking who thinks some form of LIBOR will remain available as a reference rate despite its scheduled expiration has another thing coming, the chief of the Office of the Comptroller of the Currency […]
Updates to the filing instructions for Home Mortgage Disclosure Act (HMDA) data collected in 2022 – to be reported in 2023 – were released last week by the Consumer Financial Protection Bureau (CFPB). The Filing […]
Institutions supervised by the federal insurer of bank deposits will be able to use the same method to calculate the ratio of loans in excess of the supervisory loan-to-value (LTV) limits regardless of their community […]
Low-income-designated credit unions that are eligible to receive funding from Treasury’s Emergency Capital Investment Program (ECIP) may accept 30-year subordinated debt investments from the program, according to the National Credit Union Administration (NCUA). The NCUA […]
Orders seeking business practice data from large technology companies that operate payments systems in the U.S. – among them Facebook, Amazon, Apple – were issued Thursday by the Consumer Financial Protection Bureau (CFPB), the bureau […]
New restrictions on investments and active trading by Federal Reserve Bank and Fed Board policymakers and senior staff, along with new requirements for public disclosure, were announced Thursday by the Federal Reserve Board. The Fed […]
A final rule that adds a “market sensitivity” component to the federal examination system for credit unions was approved unanimously Thursday by the National Credit Union Administration (NCUA) Board, with board members voting 3-0 in […]
Credit union subsidiaries – better known as “credit union service organizations” (CUSOs) – will be able to originate any type of loan that a federal credit union (FCU) may originate under a final rule approved […]
A dominant provider of financial services to prisons and jails nationwide has been ordered to pay $4 million in consumer redress and a $2 million civil money penalty over allegations it charged people who were departing […]
The number of ransomware incidents reported to Treasury’s financial crimes enforcement unit for the first half of 2021 exceeded those reported in all of 2020, according to a report released Friday under last year’s anti-money […]
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