Addressing risks of nonbank financial intermediation and enforcing existing rules and regulations applicable to the “crypto-asset ecosystem” were among the recommendations made by the council of federal financial regulators in their annual report, issued Friday. […]
Of the first-lien residential mortgages included in the Office of the Comptroller of the Currency’s (OCC) quarterly mortgage performance report, 97.2% of them were current and performing at the end of the third quarter, up […]
Revisions to interagency examination procedures for the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation (Regulation F) were released jointly Thursday by federal banking regulators under the umbrella Federal Financial Institutions Examination Council […]
An additional month was added Thursday to the comment period on an advance notice of proposed rulemaking focused on the orderly resolution of large banks, issued jointly in October by the Federal Reserve and Federal […]
Data provided under the anti-redlining Community Reinvestment Act (CRA) on small business, small farm, and community development lending in 2021 was released Thursday by the three federal banking regulators. The data show that a total of 685 […]
A 2023 budget of $360.4 million – an increase of more than 6% from the previous year – was approved unanimously by the federal credit union regulator’s board Thursday, which also included an additional 18 […]
Providing additional flexibility for credit unions to use “advanced technologies and opportunities” in lending that is offered through financial technology (fintech) firms is the stated goal of a proposed rule issued Thursday by the federal […]
Non- or partial compliance with Wi-Fi security controls were found in five areas at the federal bank deposit insurance agency, according to a report released Wednesday by the agency’s inspector general. To address those shortcomings […]
The first year of the coronavirus crisis led more higher-income borrowers to seek new mortgages or refinancings, and pushed more to consider “paperless” online mortgage borrowing, according to a report issued Tuesday by two federal […]
The $8 million-in-assets Richmond City Employees Federal Credit Union, Richmond, Ind., was placed in conservatorship Monday by the federal regulator of credit unions, the agency said in a release. The National Credit Union Administration (NCUA), […]
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