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[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB
[ November 21, 2024 ] Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted NCUA
[ November 21, 2024 ] CFPB publishes adjustments to thresholds under TILA, FCRA CFPB
[ November 21, 2024 ] Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme The Fed
[ November 18, 2024 ] Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules Other

Multiple-group FCUs now can list census tracts in underserved area applications, agency says

June 30, 2022 0

Multiple common bond federal credit unions (FCUs) that want to add underserved areas to their fields of membership no longer need to list each area’s street boundaries but instead should list census tracts and the […]

Credit union regulator highlights $1.7 billion in funding available for CDFI, post-COVID community development

June 28, 2022 0

More than $1.7 billion is available for grants to credit unions and other financial institutions designated as community development financial institutions (CDFIs) to help communities recovering from the coronavirus pandemic if the institutions apply by […]

Agencies list rulemaking plans for months ahead; no overdraft fee action from consumer bureau

June 22, 2022 0

Spring rulemaking updates for federal financial regulators were announced this week, featuring a variety of proposed and final rules up for action over the next several months, including modernizing rules implementing the anti-redlining Community Reinvestment […]

Credit union regulator will add questions, consider institution size, maybe contract a third party to administer post-exam survey

June 16, 2022 0

The addition of qualitative questions to a post-examination survey, consideration of credit union asset size in determining those questions, and possible use of a third party to administer the survey itself are the result of […]

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Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]
Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules

November 18, 2024 0

A final rule aimed at providing a “sharper scalpel” of penalty and enforcement provisions to rules governing foreign investment in the United States was issued Monday by the Treasury Department, the agency said. The rule enhances “certain procedures” of the [...]
More days allowed for commenting on deposit insurance recordkeeping for custodial accounts

November 18, 2024 0

Forty-five more days are now available for commenting on the proposed deposit insurance recordkeeping rule for banks’ third-party (custodial) accounts, the federal insurer of bank deposits said Monday. With the addition of 45 days, the comment period now extends to [...]

Multiple-group FCUs now can list census tracts in underserved area applications, agency says

Credit union regulator highlights $1.7 billion in funding available for CDFI, post-COVID community development

Agencies list rulemaking plans for months ahead; no overdraft fee action from consumer bureau

Credit union regulator will add questions, consider institution size, maybe contract a third party to administer post-exam survey

State analysis confirms that most credit unions saw membership declines at end of Q1 ‘22

NCUA’s ‘World of Cents’ app will be decommissioned June 30 on Apple Store

Federal credit union regulator board has one item on meeting agenda this week: post-exam survey findings

Credit union regulator board leader confirmed by Senate, gets five more years to serve

Challenges for small credit unions topic of June 22 webinar

Questions on call reports answered for credit unions in June 23 webinar on prepping for June cycle

Bureau finalizes rule extending supervision over digital payment wallet apps

Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

CFPB publishes adjustments to thresholds under TILA, FCRA

Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules

More days allowed for commenting on deposit insurance recordkeeping for custodial accounts