Feb. 23 is the public comment deadline on a proposed rule to permit more flexibility for credit unions to use “advanced technologies and opportunities” in lending that is offered through financial technology (fintech) firms, according […]
Title: Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions Subject: Fintech; indirect lending, eligible obligations Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the NCUA’s regulations regarding […]
Violations of real estate settlement procedures resulted in a $425,000 fine against an Oregon bank last month, according to enforcement actions issued Friday by the federal bank deposit insurance agency. The Federal Deposit Insurance Corp. […]
Definitions of “small bank” and “intermediate small bank” in 2023 for purposes of anti-redlining laws were announced Thursday by the regulator of national banks, tracking those set 10 days ago by the other two federal […]
Two final rules increasing the asset-size exemption thresholds for institutions required to report mortgage activity and to establish escrows for certain higher-priced mortgage loans (HPMLs) were published this week by the Consumer Financial Protection Bureau […]
Hedge funds play a “significant and consistent role” in influencing the U.S. Treasury yield curve alongside other market players and forces, according to a new paper published Tuesday by the Treasury’s financial research arm. The […]
There is no change in the $1 amount triggering minimium interest charge disclosures for open-end consumer credit plans for 2023, but the consumer financial protection agency is raising other amounts that will apply to certain […]
A “no action” position regarding application of Regulation O was extended for at least another year by the federal banking agencies Thursday, the agencies said in a joint statement. According to the Federal Reserve, Federal […]
Title: FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Subject: Deposit Insurance Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation […]
The Simplified CECL Tool for credit unions – CECL being “current expected credit losses” – has been updated for December 2022 as the effective date for CECL nears for most credit unions. The National Credit […]
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