Federal truth in lending statutes do not preempt certain provisions of a New York law governing commercial financing, according to a preliminary opinion issued Wednesday by the federal consumer financial protection agency. The Consumer Financial […]
An extra $9 million in interest is being paid by military reserve and National Guard members because they are not receiving rights under federal legislation reducing the rates they may be charged, the federal consumer […]
Federally chartered credit unions will lose the “flexibility” at year’s end to hold their membership and director meetings completely virtually, their regulator told them Wednesday. The National Credit Union Administration (NCUA), in a letter to […]
The federal agency charged with consumer financial protection says it does not plan to carry out enforcement actions related to a now 25-loan threshold for reporting closed-end mortgage loans under the Home Mortgage Disclosure Act […]
Slight increases in representation of minorities – that is, racial/ethnic groups other than White – and women in management positions were realized in the financial services industry from 2007 to 2020, according to a report […]
“Perfection” in adopting current expected credit loss (CECL) requirements at the start of the new year is not expected, the regulator of national banks said Monday, adding that small institutions don’t need big models or […]
Providing a “unique window” in the non-centrally cleared bilateral repurchase agreement (repo) market is the aim of a pilot project sponsored by the Treasury’s Office of Financial Research (OFR), the agency said in a release […]
Large banking organizations with more than $100 billion in assets are the focus of a set of principles proposed by the Federal Reserve Friday that address the physical and transition risks associated with climate change, […]
A total of 177 banks are scheduled to receive Community Reinvestment Act (CRA) evaluations by the Office of the Comptroller of the Currency (OCC) during the first and second quarters of 2023, according to the […]
Bank lending saw modest, further declines in November amid increasingly weak demand and tightening credit standards, according to the latest report of economic activity from the Federal Reserve issued Wednesday. The latest Beige Book from […]
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