NCUA, CFPB, the Federal Reserve Board and other regulators issued a joint notice Friday about a proposed rule for the Biggert-Waters Flood Insurance Reform Act, which includes a requirement that lenders accept private flood insurance [...]
By Michael Muckian Opinions sometimes differed, but experts told Credit Union Times they agreed that despite continuing challenges posed by regulators and the economy, America’s credit union movement has an excellent prognosis. “From the [...]
BY HEATHER ANDERSON The NCUA and Consumer Financial Protection Bureau have placed more emphasis on Fair Lending laws and Home Mortgage Disclosure Act data collection in 2013, and credit unions can expect additional rules and [...]
Another round of proposed credit risk-retention regulations, including a new definition of "qualified residential mortgage" (QRM) with modifications that the Credit Union National Association had urged, was released by the Federal Reserve, Federal Deposit Insurance [...]
Passage of a sweeping overhaul of Wall Street regulations in 2010 was a hallmark of President Barack Obama's first term. By Jim Kuhnhenn, The Associated Press Three years later, amid delays and compromises that critics [...]
by. Heather Anderson NCUA Chairman Debbie Matz will visit the White House on Monday for a meeting with President Barack Obama and other independent financial regulators, according to Obama’s official schedule. Regulators will provide [...]
By David Reed One of the many paradoxes in running a successful financial institution deals with risk. Regulators view risk as the enemy of safety and soundness; credit union leaders view risk as a natural [...]
The Federal Reserve Board, FDIC and Office of the Comptroller of the Currency are encouraging financial institutions to help student loan borrowers who are facing difficult financial situations. The banking regulators have guidelines that allow [...]
By Christopher Matthews @crobmatthews As we near the three-year anniversary of President Obama signing the Dodd-Frank financial reform bill into law, the too-big-to-fail banks that percipitated the crisis are bigger and more powerful than ever. [...]
Barclays Plc (BARC.L) on Wednesday won the dismissal of a U.S. credit union regulator's lawsuit over the sale of more than $555 million of mortgage-backed securities to two failed corporate credit unions. U.[...]
By Megan R. Wilson Federal regulators are ready to lift the ban on derivatives trading by credit unions after more than two years of work. A proposed rule that will be published in Wednesday’s [...]
Credit unions in California are not “open to everyone.” Regulators have issued a stern warning, forbidding credit unions from using statements like “anyone can join” in their marketing communications. The California Department of Financial Institutions ([...]
Many credit union leaders are frustrated by the ever-increasing requests from regulators to analyze their loan portfolios. The challenge has been having the right technology and resources in place to conduct regular analysis of portfolio [...]
Once upon a time, not long ago, oil companies were so despised that they had to downplay their massive profits in order to keep the angry mobs away. The banking industry is now learning how [...]
Federal banking regulators faced a grilling on Capitol Hill Thursday as lawmakers examined their widely criticized attempt to investigate wrongdoing by banks during the foreclosure crisis. By James O'Toole @CNNMoney Democratic senators, including prominent Wall [...]
