Supplemental exam procedures on remittance transfers were issued Monday by the regulator of national banks, permanently allowing smaller institutions (those under $10 billion) to estimate certain fees and exchange rates when making disclosures to their […]
While pointing to a strengthening economy, the Fed’s vice chair on Wednesday indicated no plans for the present to slow the Fed’s purchases of Treasury and mortgage-backed securities, adding that any change in purchases will […]
Outdated practices for securing and managing mobile devices at the federal insurer of bank deposits has resulted in a series of control recommendations from an auditor brought in by the agency’s inspector general. According to […]
Fifty-three of the 57 banks receiving their Community Reinvestment Act (CRA) ratings this May were deemed to have turned in “satisfactory” performance for compliance with the anti-redlining law, according to information released Tuesday by the […]
Evictions of tenants in counties experiencing substantial and high levels of community transmission levels of the coronavirus are banned until Oct. 3 under an order issued Tuesday by the Centers for Disease Control and Prevention […]
References to the most recent mortgage servicing rules are included in an updated small-entity compliance guide published Wednesday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), the updates […]
Three out of the 14 banks whose Community Reinvestment Act (CRA) performance evaluation ratings were publicly available in July were rated “outstanding,” with the remaining 11 rated “satisfactory,” a federal banking regulator said Tuesday. The […]
Miguel A. Polanco, a former Army officer and investment banker, is now the top workforce and supplier diversity officer for the federal regulator of credit unions, the agency said Tuesday. The National Credit Union Administration […]
The public comment period on a proposed rule adding provisions governing funds transfers handled through the coming new FedNow Service of the Federal Reserve Banks was extended from Aug. 10 to Sept. 9 Tuesday by […]
Congress should revise recently adopted statutes on brokered deposits, and it should give the credit union regulator authority to examine (and enforce actions) over third-party vendors, two federal financial institution regulators said Tuesday in congressional […]
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