Black and Hispanic-white applicants experienced higher denial rates for conventional home purchase loans in 2016 than non-Hispanic white applicants, according to Home Mortgage Disclosure Act (HMDA) information released Thursday by federal regulators.The denial rate for […]
New rules for advertising credit unions’ federal insurance coverage status were proposed Thursday that the National Credit Union Administration (NCUA) said were aimed at restoring a balance in regulatory burden for credit unions vis-à-vis that […]
A fund set up to stabilize corporate credit unions in the wake of the economic downturn will be merged Oct. 1 with the National Credit Union Share Insurance Fund (NCUSIF), setting the stage for credit […]
Noting that Hurricane Maria caused significant property damage in Puerto Rico and portions of the U.S. Virgin Islands, banks are being encouraged by the Federal Deposit Insurance Corp. (FDIC) to “work constructively with customers experiencing […]
Trading revenue fell 4.9% — or $348 million – during the second quarter at commercial banks and savings associations from the previous quarter, and 4.5% from the second quarter of 2016 (to $6.7 billion from […]
Moving to hinder any “threat to financial stability in times of market stress,” the Federal Deposit Insurance Corp. (FDIC) Board Wednesday adopted a rule on qualified financial contracts (QFCs) to ensure that the compacts do […]
An Indiana real estate settlement services provider was ordered to pay up to $1.25 million and cease illegal practices of steering consumers to a title insurer owned by its executives, the Consumer Financial Protection Bureau […]
The federal fund that insures savings in banks, thrifts and other financial institutions is on target to reach a reserve ratio of 1.35% by next year – more than two years well ahead of its […]
Broad-based income gains across many different types of families were realized between 2013-16, with families lacking a high school diploma and nonwhite and Hispanic families experiencing larger proportional gains in incomes than other families between […]
Simplifying capital rules, particularly provisions related to “high volatility commercial real estate” (HVCRE) is the aim of a notice of proposed rulemaking issued by the Federal Deposit Insurance Corp. (FDIC) board Wednesday. The notice was […]
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