A realignment of approximately 150 staff members to create two new units, consolidating bank supervision support, risk analysis, and oversight of national trust banks and significant service providers – all set to take effect Oct. 1 – […]
A decision by the Federal Reserve in its involvement with a “real-time payment system” proposal will be made soon, the chairman of its board said Wednesday, noting the Fed received “overwhelmingly favorable” comments about that […]
Proposed changes released in May to set the coverage threshold for home loan data reporting at either 50 or 100 closed-end mortgage loans, in either of the two preceding years, and set the threshold for […]
Two former credit union employees were prohibited, and five others faced notices of prohibition, from the National Credit Union Administration (NCUA) in actions by the agency in July. In a release Wednesday, NCUA said that […]
Credit risk, particularly among institutions with concentrations of credit, and market risk with an interest-rate environment presenting earning and funding challenges to banks are the key hazards for banks in the months ahead, especially as […]
Input on a consumer bureau advance notice of proposed rulemaking (ANPR) on potential changes to the definition of “qualified mortgage” (QM) in light of the planned expiration of a temporary QM category for agency loans […]
Title: Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z) Subject: Qualified mortgage Agency: CFPB Status: ANPR Summary: With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of […]
How examinations are conducted for credit unions on liquidity and interest-rate risks is the subject of an Aug. 14 webinar hosted by the federal regulator of credit unions, including a focus about how different credit […]
A Louisiana man pleaded guilty to lying to financial institutions, insurance providers and government entities in an attempt to secure $17 million in loans and credit for his various farming enterprises, the Justice Department and […]
A final rule by the federal bank deposit insurer giving covered depository institutions an option to seek more time to comply with a rule on recordkeeping for timely deposit insurance determination is set to publish […]
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