Top headlines in today’s news …
More than $865 million will be distributed by September to credit unions that were account holders at three failed corporate credit unions as the federal credit union regulator closes its program to resolve the institutions, […]
The 23 banks that participated in the 2021 stress tests by the Federal Reserve demonstrated continued strong capital levels and the continued ability to lend during a hypothetical severe recession, the Fed said Thursday. It […]
With the House voting Thursday to join the Senate in overturning the “true lender rule” by the federal regulator of national banks, the acting chief of the agency said it would respect the decision by […]
A rule that removes the prohibition on federally insured credit unions’ (FICUs) financing of interest in connection with loan workouts and modifications was approved Thursday on a unanimous, 3-0 vote of the National Credit Union […]
An initiative of the nation’s central bank to glean feedback from groups and communities that has informed its policy discussions will continue in 2021, focusing on input from individuals, households, and communities about the economic […]
Military Lending Act-related examinations will now resume by the federal consumer financial protection agency, it said Wednesday, asserting that the prior administration’s reasoning for discontinuing the reviews were not found persuasive. In a release, the […]
A plan to return the insurance fund that covers bank deposits to a reserve ratio of 1.35% of total savings insured will stay on course, the governing board of the fund said Tuesday, primarily because […]
Public comments on proposed revisions to the Federal Reserve’s Regulation J, governing fund transfers, to incorporate rights and obligations of Federal Reserve Banks and participants of the Fed’s new round-the-clock instant payments service are due […]
Changes made during its reorganization have led to a loss of fair lending expertise at the federal consumer financial protection agency, and other actions taken by the agency could lead to reduced transparency and difficulty […]
The nation’s central bank said it plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that ceased its purchases of eligible assets Dec. 31. […]
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