The federal credit union bylaws created by credit unions’ federal regulatory agency would be updated, clarified and simplified under a proposal issued for notice and comment Thursday. Meeting in open session, the National Credit Union […]
A final, “supplemental” rule delaying implementation of risk-based capital for federally insured credit unions, and applying the rule to fewer credit unions, was adopted during Thursday’s open meeting of the National Credit Union Administration (NCUA) […]
A redesigned “InfoBase” website focusing on anti-money laundering and Bank Secrecy Act (AML/BSA) compliance was introduced Thursday by the umbrella group for federal financial institution regulators, with a focus on sharing examination procedure information. The […]
Financial services providers have an affirmative obligation to deliver clear and transparent products and services and to protect the personal information and financial assets of the customers they serve, a member of the Federal Reserve […]
A proposal that could change the payday lending rule currently set to kick in next August is expected to be out for comment by the spring of 2019, according to a blog post by the […]
No other independent financial regulator discloses its proposed budget and provides justification with the detail, care, and scope of its budget than the federal regulator of credit unions, its top official said Wednesday in a […]
Required consumer disclosures related to sales of insurance by state-chartered banks that are members of the Federal Reserve System are being reviewed for a proposed three-year extension, according to a notice published Wednesday in the […]
Noting changes that have been made at the firm since 2013, a group of federal regulators announced Wednesday that it has rescinded the “systemically important” designation from Prudential Financial Inc., one of the nation’s largest […]
The federal financial consumer protection bureau’s Office of Innovation now has an online presence on the bureau’s website, along with links to policy and program changes under review – including the Global Financial Innovation Network […]
The implications of a “hard Brexit” could be troubling to the global financial system, federal financial regulators warned Tuesday, and for that reason they will continue to stress strong capital levels and risk-management practices. During […]
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