Penalties for filing call reports late for the second quarter of 2017 were agreed to by 39 federally insured credit unions for total fines of $10,150, the National Credit Union Administration (NCUA) said Friday. The […]
Changes are coming next month to the final rule on prepaid accounts – in the meantime, the effective date of the rule will be extended, the Consumer Financial Protection Bureau (CFPB) said Thursday. In a short […]
Asset-size thresholds will be raised for exemptions from home mortgage disclosure data collection and requirements to establish escrow accounts for higher-priced mortgage loans under two final rules issued by the Consumer Financial Protection Bureau (CFPB) […]
For the first time in 40 years, federal banking agencies have increased the aggregate loan commitment threshold for inclusion in “shared national credits” (SNC), raising the total from $20 million to $100 million, the agencies […]
A federal court is scheduled to hear arguments Friday over why it should (or should not) issue a preliminary injunction declaring the deputy director of the Consumer Financial Protection Bureau (CFPB) the true director of […]
Penalties for errors won’t be assessed for Home Mortgage Disclosure Act (HMDA) data collected in 2018 – and new rulemaking reconsidering aspects of 2015 HMDA reporting rules is coming, the federal consumer protection bureau said […]
Credit cards are being used for payments more frequently – and more often for remote versus in-person payment – a new Federal Reserve study released Thursday stated. Additionally, the study showed that the 10.2% growth […]
A “small bank” is one with assets of less than $1.252 billion, and an “intermediate small bank” is one with at least $313 million in assets but less than $1.252 billion, for purposes of community […]
A “designated reserve ratio” (DRR) of 2% for the fund that insures the deposits in the nation’s banks and savings institutions has been approved for 2018, according to filings with the Federal Register. The board […]
A new credit union – with an estimated membership potential of 283,000 – has been chartered in North Carolina, and will operate under a broad charter serving employees of local government in the state, with […]
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