Guidelines in place now for banking institutions seeking to be evaluated under the Community Reinvestment Act (CRA) using the strategic plan option, or seeking approval to amend an approved CRA strategic plan, were outlined in […]
Eleven frequently asked questions (and answers) about integrated disclosures related to real estate lending — including about providing loan estimates to consumers — are now posted on its website, the federal consumer financial protection agency […]
The dollar-amount thresholds that trigger various penalty and disclosure requirements under Regulation Z, implementing the Truth in Lending Act (TILA), have been adjusted effective Jan. 1, 2020, by the Consumer Financial Protection Bureau (CFPB) through […]
Grants of up to $25,000 each for a new pilot mentoring program with small low-income credit unions that are also designated as minority depository institutions were announced Wednesday by the federal regulator of credit unions. […]
Guidelines for national banks, federal savings associations, and federal branches of foreign banking organizations seeking designations as a wholesale or limited purpose bank for Community Reinvestment Act (CRA) purposes, or requesting confirmation of an exemption […]
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 […]
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