Use of alternative data at financial institutions, particularly with banks that have third-party relationships with financial technology (fintech) lenders, should be the focus of collaboration among federal financial institution regulators – with a focus on […]
Submissions are due by July 31 for summary of branch office deposits submissions, the annual survey of deposits for banks with branch offices, including insured foreign banks; no filing extensions are granted, the federal insurer […]
The federal bank deposit insurer’s third- and fourth-quarter schedules for evaluations of banks’ Community Reinvestment Act (CRA) efforts include a total of 387 banks throughout the agency’s six regions. The lists, released Friday by the […]
Violations of federal flood insurance requirements will cost a San Francisco-based bank $281,000 for failing to tell a borrower it needed the insurance for property it was purchasing through a loan from the bank, the […]
Modifying the policy on payment system risk (PSR) to expand access to collateralized capacity and clarifying terms for accessing and retaining uncollateralized capacity were proposed by the Federal Reserve Friday. The PSR governs the provision […]
Alleged deceptive deposit and loan products have caused a Florida lending company and its CEO to face a $1 million refund to depositors, the federal consumer financial protection agency said Thursday. The Consumer Financial Protection […]
Banks’ community development activities to help revitalize areas in Puerto Rico and the U.S. Virgin Islands following Hurricane Maria will continue to receive favorable Community Reinvestment Act (CRA) for 36 months, federal regulators said Thursday. […]
A bulletin noting banks’ ability to seek an exemption that permits longer prior notice periods for withdrawals from collective investment funds (CIFs) was issued Thursday by the Office of the Comptroller of the Currency (OCC). […]
Money market mutual fund reform and the transition from LIBOR (London Interbank Offered Rate) are slated for open session discussion during the June 11 meeting of the Financial Stability Oversight Council (FSOC), which will be […]
Consumers borrowing to buy manufactured homes face higher interest rates and, ultimately, barriers to credit through limited refinancing options, the federal consumer financial protection agency contends in a report released Thursday. The data underlying the […]
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