The threshold will increase from $32,400 to $33,500 for higher-priced mortgage loans that are subject to special appraisal requirements, the federal banking and consumer financial protection agencies said Friday. The new threshold takes effect Jan. […]
Of the 55 banks receiving their Community Reinvestment Act (CRA) evaluations ratings in July, 48 were rated “satisfactory,” according to the federal bank deposit insurer. The remaining seven were assigned “outstanding,” “needs to improve,” or […]
A chart for determining whether a nonbank entity is required to register an order under a rule from the federal consumer financial protection agency was published Thursday by the agency. The chart summarizes how the […]
Refinance risk in commercial lending at banks is addressed in a bulletin issued Thursday by the regulator of national banks. According to the Office of the Comptroller of the Currency (OCC), refinance risk occurs when […]
A proposed rule to strengthen recordkeeping regarding deposits placed in insured depository institutions by third-party firms is out for comment until Dec. 2, according to a Federal Register notice Wednesday. The Federal Deposit Insurance Corp. […]
About half of all U.S. banks were using or considering using financial technology in their small business lending process, according to a report issued Wednesday by the federal insurer of bank deposits. However, the report […]
Federal financial institution regulatory agency efforts to assist banks, credit unions and their communities in areas stricken by Hurricane Helene shifted to a consolidated, coordinated approach Wednesday for regulatory relief as the regulators issued joint […]
Banks’ evaluation ratings under the federal anti-redlining statute included six “outstanding” and 16 “satisfactory” ratings, the national bank regulator said of the ratings that became public in September. The Office of the Comptroller of the […]
Banks in areas of Florida, Georgia, North Carolina, and South Carolina ravaged by high winds and flooding caused by Hurricane Helene were Tuesday offered regulatory relief to help them help their communities recover. The Federal […]
Debt collectors, which may include third-party “revenue cycle management” companies, violate federal law when they collect on inaccurate or legally invalid medical debts, according to guidance released Tuesday by the federal consumer financial protection agency. […]
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