A final rule adopted by the Federal Reserve Board in June, setting single-counterparty credit limits (SCCLs) for bank holding companies (BHCs) and foreign banking organizations (FBOs) with $250 billion or more in total consolidated assets, […]
The loan interest rate cap for federal credit unions will remain at 18% through March 10, 2020, as a result of action during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. Without […]
The federal regulator of credit unions released and invited comments on a proposed rule Thursday that is aimed at clarifying and easing the regulatory compliance burdens associated with the agency’s lending rules. Issued by the […]
Changes related to civil money penalties (CMPs) – including removing duplicative language from existing statutory language and codifying statutory language changes to conform with other agencies’ rules – are proposed by the Federal Deposit Insurance […]
A final, modified “statement of policy” by the federal bank deposit agency on prohibitions and removals of individuals from engagement with a federally insured bank has gone into effect and will soon be published, according […]
A regulation on risk-based capital would become effective in 2020, rather than 2019, under a proposal issued Thursday for a 30-day comment period by the federal regulator of credit unions. Additionally under the proposal, the […]
The Senate Banking Committee Wednesday postponed Thursday votes on nominations for Kathleen “Kathy” Kraninger to be director of the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB), and five others, as the […]
The Senate’s passage Wednesday of a spending bill that differs from the House-passed version – which contains a number of regulatory relief provisions – sets the stage for a House-Senate conference on a final package. […]
The Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) is in the process of renewing its collection of consumer and college credit card agreements, and those interested can still submit comments on the […]
Calling it an important step to “promote innovation in the financial services marketplace,” the acting director of the federal consumer financial protection agency late Tuesday praised action by the Treasury Department and the regulator of […]
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