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) […]
No bank that received a Community Reinvestment Act (CRA) compliance rating from the nation’s top banking regulator in December was rated lower than “satisfactory,” according to a list released Thursday. The Office of the Comptroller […]
Vigorous enforcement of the law will be pursued, but the “costs and benefits to consumers” of enforcement activities and rulemakings will also weighed, according to a memo sent to staff Wednesday by the new director […]
Eleven out of 83 banks receiving evaluation ratings under the anti-redlining Community Reinvestment Act (CRA) in October were rated “outstanding” by the nation’s federal bank deposit insurer, while the remaining 72 were deemed to be […]
By the Senate’s failure to confirm three nominees for seats on federal financial institution regulator boards before adjourning, the White House now faces at least a half dozen open board seats among three regulatory agencies […]
The Senate confirmed 77 presidential nominees by voice vote Wednesday, as it raced to finish its business for the 115th Congress and adjourn, sine die, by noon Thursday – when the 116th Congress takes its place. Not […]
A series of five 2019 workshops offering practical training and guidance to directors of national community banks and federal savings associations (FSAs) has been scheduled in locations throughout the U.S. by the nation’s top banking […]
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