Other
Early fall break for Reg Report; see you Sept. 25
The Regulatory Report is taking an early fall break for this week only; we will resume publication on Monday, Sept. 25.
Federal financial regulation
NCUA
Proposed changes in loan participation rule, report on share insurance fund slated Sept. 21
Action on proposed updates to the agency’s rules on loan participation and a report on the credit union share insurance fund are slated next Thursday by the federal regulator of credit unions. The proposed rule, […]
FDIC
FDIC’s community banking panel set to meet Oct. 5
Issues of interest to the community banking industry are slated for discussion during an Oct. 5 open meeting of the Federal Deposit Insurance Corp. (FDIC) Advisory Committee on Community Banking, according to a notice Friday […]
CFPB
FAQs address CFPB small business lending rule in wake of Texas court decision
The impact of a federal court order freezing implementation of the small business lending rule issued by the federal consumer financial protection agency spawned a new set of “frequently asked questions” (FAQs) by the agency […]
FDIC
Agency should again use bank survey data in developing economic inclusion plan, OIG recommends
Obtaining bank survey data, or some other mechanism, for developing economic inclusion strategic plans (EISP) in the future for the federal bank deposit insurance program is among the recommendations made by the agency’s inspector general […]
OCC
Trading revenue, still dominated by four big banks, slipped in second quarter
Cumulative trading revenue was down 22.4% – $3.9 billion – in the second quarter compared with the first at banks and savings associations, the regulator of national banks said Thursday. The Office of the Comptroller […]
The Fed
Fed Board reaches full complement of seven members with three sworn in to positions
The Federal Reserve Board has a new vice chair and a full complement of seven members following the swearing in Wednesday of three newly Senate-confirmed governors for the central bank. Phillip N. Jefferson, Lisa D. […]
NCUA
Credit union regulator outlines ‘warning signs’ in midyear data; interest rate risk, rising delinquencies among them
Warning signs for credit unions include interest rate and liquidity risks, rising delinquency rates, growing balances on home equity lines of credit and other second liens, and increasing net charge-off ratios, the chairman of the […]
CFPB
Chopra assails legal challenges to CFPB rules, asserting they will destabilize housing, consumer markets
Legal challenges to the authority of the federal consumer financial protection agency could challenge the stability of the nation’s housing market, the agency’s head said Monday, since its rules are intertwined so closely to the […]
NCUA
$76 million to be distributed to credit unions in September that are U.S. Central paid-in capital shareholders
A $76 million distribution to credit unions that were paid-in capital shareholders of the former U.S. Central Corporate Federal Credit Union is scheduled to be completed before the end of this month, the National Credit […]