Top headlines in today’s news …
Debt collectors must provide, at the outset of collection communications, detailed disclosures about the consumer’s debt and rights in debt collection, along with information to help consumers respond, under a final rule issued Friday by […]
Well-capitalized, federally insured credit unions could count subordinated debt as capital for risk-based net worth purposes under a new rule approved by the board of the federal credit union regulator at its meeting Thursday. Key […]
A predicted collapse of some financial institutions and others due to over-investment in leveraged loans and collateralized loan obligations (CLO) as a result of the financial impact of the coronavirus crisis did not materialize largely […]
Smaller financial institutions are generally supportive of rules requiring reporting of small business lending data in order to build a better understanding of the lending market, according to feedback released Tuesday by the federal consumer […]
The agency’s 2021 budget and two final rules – one on a combined regulation on brokered deposits and interest rate restrictions – highlight the agenda for the board of the federal insurer of bank deposits […]
The Dec. 17 open meeting of the National Credit Union Administration (NCUA) Board is now a two-day meeting that will wind up Dec. 18 with board action on the agency’s 2021-2022 budget, according to postings […]
Two final rules related to “qualified mortgages” (QMs) – one instituting a limit on lending based on a loan’s pricing, and the second creating a “seasoned QM” – were released Thursday by the federal consumer […]
Nationstar Mortgage, LLC, would be required to pay about $73 million in redress and a civil money penalty of $1.5 million under a complaint and proposed stipulated order filed Monday by the Consumer Financial Protection […]
The results of the second round of stress tests for large banks will be released two weeks from now, the Federal Reserve announced Friday. The agency said the test results will be released at 4:30 […]
Steps the Federal Reserve is taking to help community banks integrate innovation and technology into their operations were outlined by the agency’s board representative of the smaller banks in remarks Friday. Gov. Michelle W. (“Miki”) […]
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