The way in which the federal consumer financial protection agency determines which counties qualify as “underserved” for a given calendar year for purposes of mortgage origination are outlined in an interpretive rule issued Tuesday. The […]
Guidance intended to promote consistency and flexibility in the supervision and examination of financial institutions affected by the coronavirus crisis was issued Tuesday by federal banking and credit union regulators. The agencies noted, in releasing […]
The federal insurer of bank deposits is jumping on the bandwagon of easing assessments – in its case, for deposit insurance – on banks that participate in the loan program to help businesses weather the […]
The Federal Reserve is due two days from today to release stress-test results for 34 big banks – along with related comprehensive capital analysis and review (CCAR) results – based on a scenario developed in February, before […]
The chief regulator of national banks and federal savings associations on Monday noted that it doesn’t hold or transfer funds for others and that consumers should not respond to any email communications that suggest otherwise, […]
National banks and thrifts are getting a break on the fees they pay to cover the operations of their federal regulator due to the impact of the coronavirus crisis, the agency said Monday. In an […]
References to retail practices continue to work their way into the regulatory space, the latest being a section on the newly redesigned website of the federal insurer of bank deposits as a “one-stop shopping experience” […]
Addressing the Jan. 10, 2021 expiration of the so-called “GSE Patch” is the aim of two proposed rules – one establishing a “price-based approach,” and the other to extend the “patch” until a final rule […]
A Texas man was charged late last week with wire fraud and making false statements in order to obtain fraudulent loans of more than $2 million from a federal program meant to assist businesses affected […]
April and May brought the consumer financial protection agency some 42,400 and 44,100 complaints, respectively – the highest monthly complaint volumes in the agency’s history, its director said during a webinar Friday, who added that […]
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