Support for of an alternative reference rate by banking industry vendors should be started as soon as the end of next month and continue through year’s end, an industry group sponsored by the New York […]
There will be no hesitation in taking public enforcement action when appropriate against companies or individuals that abuse or scam consumers during the coronavirus crisis, the federal consumer financial protection agency warned Friday, and it […]
Restructuring existing loans, extending repayment terms, or easing terms for new loans using sound banking practices are among the actions recommended for South Carolina banks by the Federal Deposit Insurance Corp. (FDIC) as the banks […]
A change in methodology, announced Thursday, that captures the APO and FPO addresses of active-duty military personnel means those individuals’ incomes will now be included in the federal credit union regulator’s analysis of whether a […]
An application for a loan under the Paycheck Protection Program (PPP) is only a “completed application” once the creditor has received a loan number from the Small Business Administration (SBA) or a response about the […]
Deadlines for submission dates of “living wills” have been extended by 90 days for large foreign banks, and large and foreign banks under the “large bank regulatory framework,” two federal banking agencies said Wednesday. In […]
A May 12 hearing, held remotely and webcast live, on federal bank and credit union supervision is slated by the Senate Banking Committee, which plans to take testimony from the Federal Deposit Insurance Corp. (FDIC), […]
A set of commonly asked questions by state appraiser and appraisal management company (AMC) regulatory agencies about how to work with the disruptions arising from the coronavirus (COVID-19) was published recently and provided online by […]
The receivership of North Milwaukee State Bank, Milwaukee, Wis., was terminated May 1, the Federal Deposit Insurance Corp. (FDIC) said in a notice for the Federal Register. North Milwaukee State Bank, with reportedly $67.1 million […]
The coronavirus crisis is a reminder that taking into account the unique needs and opportunities in different communities is critical as work proceeds on modernizing rules implementing anti-redlining laws, a member of the Federal Reserve […]
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