Aligning real estate lending standards with the new community bank leverage ratio (CBLR) rule is the aim of a proposal issued Tuesday by the board of the federal deposit insurance agency. The proposal by the […]
A preliminary analysis of the differences in lending patterns for lenders below and above the 100-loan closed-end threshold for Home Mortgage Disclosure Act (HMDA) reporting showed that lenders with the smaller volumes of loans appear […]
A plan to return the insurance fund that covers bank deposits to a reserve ratio of 1.35% of total savings insured will stay on course, the governing board of the fund said Tuesday, primarily because […]
New rules for credit unions governing their purchases of banks and mitigating the impact of the current expected credit loss (CECL) accounting standard are slated for action as soon as this month by the federal […]
A notice of proposed rulemaking on financial institutions’ collection, reporting, and public disclosure of data concerning credit applications made by women-owned, minority-owned, and small businesses is among the regulatory actions anticipated by the Consumer Financial […]
Public comments on proposed revisions to the Federal Reserve’s Regulation J, governing fund transfers, to incorporate rights and obligations of Federal Reserve Banks and participants of the Fed’s new round-the-clock instant payments service are due […]
A briefing on the restoration plan for the fund insuring bank deposits is one of two discussion items on the agenda for a meeting next week of the board of the insurance agency. The Federal […]
Regulatory relief for banks in areas of Louisiana affected by severe storms, tornadoes, and flooding last month was announced Thursday in a Federal Deposit Insurance Corp. (FDIC) Financial Institution Letter (FIL). The FDIC said it […]
A consent order issued in 2019 with SunTrust Bank (Atlanta) over unfair and deceptive practices as the bank prepared for a merger with BB&T Corporation (Winston-Salem, N.C.) was terminated Thursday by the Federal Reserve Board, […]
Fintech as an enhancement for “inclusive consumer banking” is among the agenda topics for a conference scheduled for late this month by the federal insurer of bank deposits. Titled “Fintech: A Bridge to Economic Inclusion” […]
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