Top headlines in today’s news …
Steps that should be taken now and through the rest of the year by those with exposure to soon-to-be-defunct LIBOR are outlined in a “roadmap” issued Wednesday by an international group of financial regulators. In […]
Credit unions should ensure their policies, procedures, and training materials promote compliance with federal equal credit opportunity laws and Regulation B, which is administered by the federal consumer financial protection agency, in line with a […]
Modifying the policy on payment system risk (PSR) to expand access to collateralized capacity and clarifying terms for accessing and retaining uncollateralized capacity were proposed by the Federal Reserve Friday. The PSR governs the provision […]
Consumers borrowing to buy manufactured homes face higher interest rates and, ultimately, barriers to credit through limited refinancing options, the federal consumer financial protection agency contends in a report released Thursday. The data underlying the […]
Driven mostly by large institutions, net interest margins at federally insured banks fell to a record low by the end of the first quarter of this year, the federal insurer of bank deposits reported Wednesday, […]
The agency that issues federal bank and thrift charters on Tuesday said it plans to reconsider last year’s Community Reinvestment Act (CRA) final rule and said it “will not object” to banks suspending their work […]
While most Americans believed they were doing “OK” financially at the end of last year (about 75%), nearly one in four said they were worse off compared to a year earlier as a result of […]
While saying his immediate focus as acting comptroller of the currency will be “solving urgent problems and addressing pressing issues,” Michael J. Hsu also said Monday that he will be announcing a “review of key […]
A proposed rule to prohibit false advertising or misleading representations of deposit insurance, or using the Federal Deposit Insurance Corp. (FDIC) name or logo in a manner to imply an uninsured product is backed by […]
Findings from a look at consumers’ use of payday, title, and pawn loans over periods in 2019 vs. 2020 and the factors that may contribute to such use are detailed in a “data point” report […]
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