Revised asset-size thresholds that help determine how banks will be evaluated for compliance with the Community Reinvestment Act (CRA) were detailed Monday in the first 2019 bulletin issued to national banks and federal savings banks […]
A consolidation from five to three regional offices is now complete for the nation’s federal credit union regulator in the latest phase of an agency-wide restructuring that began in 2017, the agency said in a […]
Joseph M. Otting’s role of serving simultaneously in two positions as both comptroller of the currency and as acting director of the federal regulator of the government-sponsored enterprises (GSEs) that dominate the secondary mortgage market […]
Public remarks by the chairman and vice chairman of the Federal Reserve and release of the agenda by the board of the federal credit union regulator for their first meeting in 2019 mark the week […]
Ensuring the stability of the nation’s financial system remains “a work in progress,” a former chairman of the Federal Reserve Board said Friday, asserting that regulators could use more tools to take action. “There is […]
“No” was the curt answer to the question of “would you resign if President Trump asked you to” that the chairman of the Federal Reserve Board offered at a Friday morning conference in Atlanta. Chairman […]
Asset-size thresholds for institutions exempt from home mortgage data collection and from a requirement to establish new escrow accounts for certain high-cost mortgages were signed by the new director of the consumer financial protection agency in […]
Federally insured credit unions that have a “low-income” designation from the federal credit union regulator can seek to participate in that agency’s streamlined community development financial institution (CDFI) certification process from Jan. 13 through Feb. […]
“Modernizing” the regulatory approach to evaluating bank and thrift performance under anti-redlining laws, with the aim to “encourage more lending and investment where they are needed most,” is at the top of priorities listed by […]
USAA Federal Savings Bank – one of the largest financial institutions serving active and retired members of the military, and their families – will pay $12 million in restitution and a $3.5 million civil money penalty (CMP) […]
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