When it comes to central bank digital currencies (CBDCs), count as another skeptic Federal Reserve Board Member Christopher Waller, who Thursday expressed his doubts it would “solve any major problem confronting the U.S. payment system.” […]
A letter communicating the June extension of the 18% federal credit union loan rate ceiling through March 10, 2023, was issued Thursday by the National Credit Union Administration (NCUA). The NCUA Board voted June 24 […]
Whether the new federal holiday of Juneteenth (marked for the first time as a federally observed break this past June) counts as a business day or federal holiday for purposes of mortgage rescissions and disclosures […]
The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of loan interest, the federal regulator of credit unions […]
Supplemental exam procedures on remittance transfers were issued Monday by the regulator of national banks, permanently allowing smaller institutions (those under $10 billion) to estimate certain fees and exchange rates when making disclosures to their […]
While pointing to a strengthening economy, the Fed’s vice chair on Wednesday indicated no plans for the present to slow the Fed’s purchases of Treasury and mortgage-backed securities, adding that any change in purchases will […]
Outdated practices for securing and managing mobile devices at the federal insurer of bank deposits has resulted in a series of control recommendations from an auditor brought in by the agency’s inspector general. According to […]
Fifty-three of the 57 banks receiving their Community Reinvestment Act (CRA) ratings this May were deemed to have turned in “satisfactory” performance for compliance with the anti-redlining law, according to information released Tuesday by the […]
Evictions of tenants in counties experiencing substantial and high levels of community transmission levels of the coronavirus are banned until Oct. 3 under an order issued Tuesday by the Centers for Disease Control and Prevention […]
References to the most recent mortgage servicing rules are included in an updated small-entity compliance guide published Wednesday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), the updates […]
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