The federal regulator of credit unions is proposing a second payday loan option – and perhaps even a third – that it hopes will lead to a “safe harbor” from the federal consumer financial protection […]
A financial institutions “regulatory relief” bill that exempts more banks from proprietary trading restrictions, waives certain mortgage lending rules and eases some banks’ stress-test and capital requirements was signed into law by President Donald Trump Thursday […]
The federal regulator of credit unions on Wednesday filed an appeal of a March 29 federal district court ruling vacating two provisions of the agency’s chartering and field-of-membership (FOM) rule. The American Bankers Association (ABA), […]
Federally insured credit unions will receive a $735.7 million “distribution” as early as July, the National Credit Union Administration (NCUA) Board was told Thursday, the result of a dividend from the federal insurance fund that […]
Several provisions for reforming the federal consumer financial protection bureau – and reflecting proposals made by the acting director of the agency this spring – are included in a financial services appropriations bill that is […]
A banking agency bulletin issued Wednesday to encourage banks and savings institutions to provide consumers short-term, small-dollar installment loans – and offering principles and polices to help them do so without running afoul of a federal […]
A “streamlined” application process opens June 4 for low-income federally insured credit unions considering becoming community development financial institutions (CDFIs); the period closes on June 22, the federal credit union regulator said Wednesday. The National […]
Credit unions would get an additional two-year reprieve from federal risk-based capital rules under legislation marked up and reported out by a House committee Tuesday. The House Financial Services Committee voted 53-0 to approve H.R. […]
More American adults were feeling better about their financial situations in 2017 – about three in every four – than in 2013, but significant differences remain across race, ethnicity and education groups, according to a […]
Banks increased net income by more than 27% – $56 billion – in the first quarter of the year compared to the same period last year, the Federal Deposit Insurance Corp. (FDIC) reported Tuesday, but […]
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