New interim final rules for credit unions on a temporary deferment of appraisals and raising the maximum amount of loan participations go into effect Tuesday, when they are scheduled to be published in the Federal […]
Blake Paulson is the national bank regulator’s next chief national bank examiner, adding to his duties now as the head of midsize and community bank supervision, the agency said Thursday. Paulson will assume his additional […]
The coronavirus crisis Thursday claimed yet another victim: the effort by the federal insurer of bank deposits to modify its signage and advertising requirements. In a release, the Federal Deposit Insurance Corp. (FDIC) said it […]
Accounting and regulatory reporting considerations of a revised interagency statement issued April 7 on loan modifications and reporting by financial institutions working with customers affected by the coronavirus (COVID-19) are the subject of a webinar […]
“Federal disclosure computational tools” for financial institutions to use in figuring compliance with anti-redlining rules, and mortgage disclosure requirements, were made available Thursday by the umbrella group for federal financial institution regulators. In separate releases, […]
The federal regulator of credit unions issued a letter to the industry Thursday emphasizing the importance of as many credit unions as possible subscribing to its liquidity facility to maximize support to all credit unions, […]
The permanent threshold for collecting and reporting data about closed-end mortgage loans will be 100 loans – up from 25 loans – as of July 1 under a final rule issued by the federal consumer […]
Two interim final rules to give regulatory relief, as well as temporary real estate appraisal relief, to credit unions through Dec. 31 of this year amid the ongoing coronavirus (COVID-19) pandemic were adopted unanimously by […]
The facility aimed at supporting the paycheck protection program (PPP) loan program by extending credit to financial institutions that make PPP loans – using the loans as collateral – is now “fully operational” and available […]
Updates to the manual used to guide examinations of banks’ and credit unions’ compliance with Bank Secrecy Act/anti-money laundering (BSA/AML) requirements – to promote transparency but setting no new requirements – were released Wednesday by […]
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