A “pipeline” of new loans and securitizations reflects a shift away from a now-defunct interest reference rate toward a replacement rate, according to a group that helped set up and introduce the replacement. In a […]
Seven credit unions failed in 2021, costing the federal credit union savings insurance fund more than $5 million, the agency that oversees the fund said Wednesday. While the seven failures were the most in three […]
Credit unions with $15 billion and more in assets would be subject to supervision by a special office of their federal regulator that supervises large federally insured credit unions (FICUs) under a proposal issued Thursday […]
The appraisal subcommittee of the umbrella group for federal financial regulators will meet Feb. 23 to discuss its budget and the seven-hour update course on professional standards for appraisers, the group said Wednesday. The meeting […]
Direct public petitions for rulemaking, or changes to rules, will now be part of the federal consumer financial protection agency’s regulatory process, the agency announced Wednesday, along with more transparency for former federal employees and […]
“Clean” audit opinions were given to four funds operated by the federal credit union regulator, the agency said Tuesday. The unmodified audited financial statements are for the four funds run by the National Credit Union […]
Efforts to open up economic and financial system access for Detroit’s underserved communities were launched Tuesday by the Office of the Comptroller of the Currency (OCC). The agency said Acting Comptroller of the Currency Michael […]
Five Federal Reserve Board nominees received “yes” votes Wednesday for a recommendation to the Senate for confirmation from all 12 Democratic members of the Senate Banking Committee – but none of the 12 Republicans on […]
Government contractors that illegally harvest fees from government benefits provided through prepaid cards will face enforcement actions, the federal consumer financial protection agency said Tuesday in issuing a compliance bulletin. In a release, the Consumer […]
Hypothetical economic scenarios for use by banks with more than $250 billion in assets to be used in stress tests were released Tuesday by the federal insurer of bank deposits. In releasing the scenarios, the […]
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