A notice of proposed rulemaking on modernized Community Reinvestment Act (CRA) requirements will be released jointly in the “not-too-distant future” by the three federal bank regulators, the Acting Comptroller of the Currency said Monday. Michael […]
The day before a Senate committee considers the nominations of five prospective members of the Federal Reserve Board – including the chair and both vice chairs, federal financial institution regulatory agencies find themselves with tenuous […]
A former lobbyist for banks and credit unions is now the top public communications and congressional affairs executive for the federal credit union regulator, the agency announced Monday. Elizabeth A. Eurgubian is now the National […]
“Stress tests” are upcoming for covered institutions, and the regulator of national banks and the Federal Reserve released resources for dealing with the tests late Thursday. The Fed released the hypothetical scenarios for its annual […]
A rulemaking on the asset threshold for determining the “appropriate supervisory office” is on the agenda for the federal credit union regulator board when it meets Thursday. The National Credit Union Administration (NCUA) Board will […]
Representatives from eight federal agencies and departments, including the Department of Justice (DOJ), last week told The Appraisal Foundation that its ethics rule and Advisory Opinion 16 fall short in describing what constitutes federally prohibited […]
A $21 billion Chicago bank faces a quarter-million dollar fine for violations of rules implementing flood insurance requirements, the Federal Reserve said Thursday. First Midwest Bank of Chicago, according to the Fed, was assessed a […]
The federal agency that regulates credit unions should review some of its hiring practices for compliance and also ensure that job applicants’ qualifications are verified prior to bringing such individuals in for interviews, according to […]
The sale and distribution of the federal credit union regulatory agency’s publications are being transferred to the federal Government Publishing Office (GPO), the agency announced Wednesday. “Transferring the sale and distribution of NCUA [National Credit […]
“Predatory lending has no place in the federal banking system,” the head of the national banking regulator said Wednesday in response to a federal court ruling upholding his agency’s rule on permissible interest on transferred […]
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