Top headlines in today’s news …
Anti-money laundering efforts, use of aid to deal with the coronavirus crisis, credit risk management and LIBOR transition are all among the updated items in the list of regulatory priorities released by the federal credit […]
The “dense fog” of coronavirus-related uncertainty is shrouding the economic outlook, posing headwinds to an economic recovery for some time and calling for a sustained commitment to accommodation along with additional fiscal support from the […]
A vote on recommending for confirmation two nominees to the Federal Reserve Board, and a hearing on the nomination of a member of the federal credit union regulator’s board, have been scheduled for next week […]
Millions of dollars in fines against a Florida company for charging illegal fees to consumers to purportedly relieve them of their federal student loan payments will be reduced to just a fraction of that under […]
Any federal credit union that had a rural district membership eligibility application postponed – for, in some cases, nearly two years — as a result of a now-resolved lawsuit will see its application processed immediately, […]
A new final rule on small-dollar lending issued Tuesday by the federal consumer financial protection agency revokes “ability to repay” provisions of the previous rule but makes no changes to the payment protection provisions already […]
The long-promised Main Street Lending Program (MSLP) of the Federal Reserve is now fully operational and ready to purchase eligible loan participations by registered lenders, the Boston arm of the central bank said Monday. The […]
Nine banks earned ratings of “outstanding” for June in their performance evaluations for adhering to anti-redlining requirements, the regulator of national banks said Friday. One of those banks is among the largest in the country: […]
Federally insured credit unions’ total assets grew $132 billion, or 8.8%, over the 12-month period ending March 31, totaling $1.64 trillion, according to first-quarter industry data released Wednesday by the National Credit Union Administration (NCUA) […]
Federal and state regulators on Wednesday urged financial institutions to continue working to transition away from using LIBOR (the London Interbank Offered Rate) as a reference rate in any products, and they said supervision of […]
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