Regulation and compliance
Regulation
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Though no legislation is likely to pass prior to the election, lawmakers will be busy throughout September with hearings featuring top Federal Reserve Board officials and voting on a much anticipated financial reform bill. Here are five things to keep an eye on.
September 2 -
The $29 billion-asset company said in a regulatory filing Thursday that the "needs to improve" rating will likely restrict its ability to make acquisitions and open branches.
September 2 -
Regulatory infighting over bond loans offered by down payment assistance programs has the potential to curtail lending to first-time buyers and do real damage to homeownership.
September 2 -
New, stricter regulations on loans to active-duty service members take effect on Oct. 3. Heres a guide for getting ready.
September 2 -
The two major credit union trade associations were joined by four bank trades and the Financial Services Roundtable in a letter urging the Federal Financial Institutions Examination Council and its member agencies to limit examinations related to the Military Lending Act.
September 2 -
Emboldened by supportive comments from presidential hopeful Hillary Clinton, community development banks are asking regulators for more leniency in areas such as disclosure fees and Bank Secrecy Act enforcement.
September 2 -
A federal district court handed the Consumer Financial Protection Bureau a major victory this week by ruling that the online loan servicer CashCall engaged in unfair, deceptive and abusive practices by using a "tribal model" to collect on loans in states with usury caps.
September 1 -
Cory Methodist Church CU entered conservatorship in February due to risks from unsafe and unsound practices.
September 1 -
Big banks have less than a month to fix their resolution plans or potentially face severe regulatory consequences.
September 1 -
Mike Barton, who for 17 years served as president of the Asset Management and Assistance Center at the National Credit Union Administration, is set to retire at the end of September.
September 1 -
Approximately 37 million adults in the United States a number roughly equivalent to the population of California do not have a checking account. Some of those individuals have never relied on traditional banking.
August 31 -
The 2016 general election is still more than two months away, but analysts are already speculating on how the compliance landscape might be impacted should Hilary Clinton or Donald Trump take the White House.
August 31 -
The largest U.S. banks are starting to question whether the advanced approaches modeling program embedded in the Basel accords is still valuable in a world where their capital levels are increasingly dictated by the annual stress tests and a supplementary leverage ratio.
August 31 -
Industry fears about the Consumer Financial Protection Bureau's "UDAAP" authority recall steps Congress took in the '70s to rein in the Federal Trade Commission.
August 31 -
The National Credit Union Administration has issued prohibition notices for five individuals convicted of various crimes and restricting them from participating with any federally insured financial institution.
August 31 -
A longtime advocate for African-American-owned financial institutions argues that regulators should be taking more forceful action to keep them alive.
August 30 -
Banks and regulators both deserve credit for how they have navigated the post-crisis period, but how regulators continue to implement rules and how banks continue to deal with this environment will determine if this is a turning point for finance or the prelude to another round of pain.
August 30 -
Financial institutions offering checkless checking is trending, and checkless checking accountsas part of the FDICs 2011 Model Safe Accounts Pilotappeared to perform well among the underserved consumer participants.
August 29 -
This week looks to be light on the compliance front for credit unions, although reflection on new statements from the Federal Reserve and close eyes on election season hitting the homestretch are on the agenda.
August 29 -
WASHINGTON Rep. Carolyn Maloney, D-N.Y., sent a letter to federal regulators Monday requesting an analysis of bank trading data that is being collected as part of the Volcker Rule.
August 29




