Top headlines in today’s news …
Credit union assets grew 17.7% to a total of $1.84 trillion during 2020 – more than double the rate of growth the prior year – driven largely by a rapid rise in deposits amid the COVID-19 […]
The mandatory compliance date of the general qualified mortgage (QM) final rule would be delayed 15 months (from July 1, 2021, to Oct. 1, 2022) under a proposal issued Wednesday by the federal consumer financial […]
Credit risk for large, syndicated loans has increased over the last year, according to a report issued Thursday by the federal banking agencies, largely as a result of the financial impact of the coronavirus pandemic. […]
Whether to revoke or revise the “seasoned” qualified mortgage (QM) final rule issued in December is a question being mulled at the Consumer Financial Protection Bureau (CFPB), according to a statement issued Tuesday. The bureau, […]
The founder of a financial technology firm providing services to banks and credit unions is the new – and first – chief innovation officer (CINO) for the federal insurer of bank deposits, ending a more […]
An effort to recruit attorneys “at all experience levels” to the federal consumer financial protection agency was announced Tuesday by its acting director in an effort, he said, to achieve “vigorous oversight of all applicable […]
A formal withdrawal of Judy Shelton’s nomination to be a member of the Federal Reserve Board was issued Thursday by the White House, officially ending the bid of the controversial nominee to become a central […]
The acting director of the consumer financial protection agency directed staff to end the agency’s “pause” implemented around the start of the COVID-19 pandemic on quarterly Home Mortgage Disclosure Act (HMDA) reporting, CARD Act data […]
The so-called “fair-access rule” – finalized and issued just two weeks ago – is on hold, at least for now, by the regulator of national banks in order to give the next leader of the […]
President Joe Biden has designated Todd Harper as chairman of National Credit Union Administration (NCUA) Board, the agency announced Monday. “The credit union system now sits at the intersection of several crossroads, and the agency […]
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