Prudent efforts by depository institutions to meet customers’ cash and financial needs affected by Hurricane Irma — when consistent with safe and-sound banking practices — generally will not be subject to examiner criticism, the Federal Deposit […]
Alleging that student loan borrowers were illegally sued for private student loan debt that the companies which made the loans couldn’t prove was owed or was too old to sue over, the Consumer Financial Protection […]
A new federal credit union has been chartered in Colorado to serve members of the American Solar Energy Society, the NCUA announced today. Clean Energy Federal Credit Union of Boulder will serve 4,300 members of […]
The deadline on the Comptroller’s request for comments about revising the “Volcker Rule” on Wednesday is among the top items on the schedule for the week ahead. Also this week: Federal Reserve Board Chairman Janet […]
Actions in six states – Arkansas, Georgia, Missouri, Ohio, Rhode Island and South Dakota – were taken by the Comptroller against national banks or their directors and employees as the summer came to an end, […]
All states reported positive asset, loan and savings growth for credit unions at mid-year, but membership growth continues to be uneven, with larger credit unions continuing to lead in state, while others saw little or […]
Calling it a “first,” the CFPB has issued a “no-action” letter to a California company that evaluates loan applications using “alternative data” rather than traditional methods in the agency’s efforts to learn more about how […]
Flood Disaster Protection Act, Bank Secrecy Act, Fair Lending, Home Mortgage Disclosure Act, Community Reinvestment Act, and other major compliance risks and critical regulations are the topics of workshops for bank and thrift directors sponsored […]
The House approved a spending plan Thursday that no longer includes a provision rolling the NCUA budget under the congressional appropriations process. On Wednesday, lawmakers approved an amendment to the 2018 Department of the Interior, Environment, […]
Community Reinvestment Act (CRA) regulations would be amended to conform to changes made this summer by the CFPB to its Regulation C (Home Mortgage Disclosure Act) and set to take effect Jan. 1, under a […]
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