Encouraging innovation that meets consumer demand, promotes community banking, reduces compliance burdens, and modernizes supervision are all part of the “foundation for the next chapter of banking,” the board chairman for the federal insurer of […]
Seven former credit union employees were barred from any future work in federally insured financial institutions under prohibition notices and orders disclosed last month by the National Credit Union Administration (NCUA). NCUA reported five prohibition […]
Bank regulators should understand how consolidation of community banks has been driven by unnecessary, ineffective, or excessive regulatory burden, a governor of the Federal Reserve Board said Tuesday. In remarks to the 2019 Community Banking […]
Title: Payday Alternative Loans (PALs) II Subject: Payday loans Agency: NCUA Status: Final Summary: The NCUA Board (Board) is issuing a final rule (referred to as the PALs II rule) to allow federal credit unions […]
Four supervisory booklets – “Bank Supervision Process,” “Community Bank Supervision,” “Federal Branches and Agencies Supervision,” and “Large Bank Supervision” – have been updated by the Office of the Comptroller of the Currency (OCC), the agency […]
A notice of a correction to a fair lending report issued earlier this year – which details an omission of a complaint of discrimination regarding national origin – is outlined by the federal consumer financial […]
A chief of staff and deputy director of the risk management division of the federal insurer of bank deposits was named Monday by the agency, replacing the previous incumbent who was promoted to another position […]
A new rule allowing credit unions to issue payday loans of any amount up to $2,000, fully amortized over a term of one to 12 months, will take effect the first Monday after Thanksgiving, according […]
More than 96% of first-lien mortgages were current and performing at national banks and thrifts at midyear, up slightly from the previous year, their federal regulator said Monday. In its quarterly “Mortgage Metrics Report” (for […]
Unbridled from the “blackout period” on public remarks associated with interest-rate-setting meetings, all five members of the Federal Reserve Board will make public remarks next week during the first week of October in seven different […]
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