A fraternal organization founded at a historically black university will now have its own credit union following the federal credit union regulator’s approval of a new charter, the agency said Thursday. Members Only Federal Credit […]
A 24-year veteran of the federal credit union regulator has been promoted to oversee the agency’s facility for handling problem assets it has acquired from operating and liquidated credit unions, the agency said Thursday. The […]
The rate of interest paid on depository institutions’ reserve balances at Federal Reserve Banks and the rate banks pay on Reserve Bank primary credit have both risen 25 basis points (bps) as a result of […]
Bank overdraft fee income has dropped precipitously since before the onset of the coronavirus crisis, according to a federal consumer financial protection agency report issued Tuesday – and banks have not yet replaced that income […]
Kristen Baldwin will be the chief information officer (CIO) at the national bank regulatory agency beginning Feb. 26, the agency announced Wednesday. The Office of the Comptroller of the Currency (OCC) said that Baldwin will […]
Regulators need to understand both human decision-making and market context in designing the right rules of the road for ensuring financial inclusion, the Federal Reserve’s top supervisor said at a conference Tuesday. Speaking at a […]
The risk to financial stability should decentralized finance (DeFi) continue to grow in size and scope – and without the guardrails that are in place for traditional finance – is discussed in a blog post […]
An updated “Branch Closings” booklet of the Comptroller’s Licensing Manual was released Tuesday by the Office of the Comptroller of the Currency (OCC). The licensing manual contains a series of booklets that explain the OCC’s […]
Digital mortgage comparison-shopping platforms that give preferred placement or otherwise steer consumers to lenders based on the lenders’ compensation to the platforms are violating section 8 of the Real Estate Settlement Procedures Act (RESPA), the […]
Guidance to address some primary related risks of working with credit union service organizations (CUSOs) is outlined in a letter from the federal credit union regulator issued late Monday. In a letter to all institutions […]
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