Amanda Tuckey

Proposed Legislation in Response to Recent Bank Failures Introduced

U.S. House of Representatives Committee on Financial Services Proposed Legislation in Response to Recent Bank Failures Introduced June 21, 2023 – Several bills to respond to the recent failures of Silicon...

June 23: CFPB Updates This Week

June 28th Webinar CFPB RegCast: Institutional Coverage under the Small Business Lending Rule Wednesday, June 28, 2023, 11:00 AM – 12:00 PM EST Bureau staff will provide information to help...

June 16: CFPB Updates This Week

The CFPB intends to identify ways to simplify and streamline the existing mortgage servicing rules By Rohit Chopra Borrowing to buy a home is one of the biggest financial decisions...

NCUA Releases Q1 2023 State-Level Credit Union Data Report

For federally insured credit unions, median asset growth and growth in shares and deposits declined slightly over the year ending in the first quarter of 2023. At the same time,...

U.S. House of Representatives Presses FinCEN on Status of CTA Roll-Out

The Corporate Transparency Act (“CTA”) takes effect on January 1, 2024. On that date, the Financial Crimes Enforcement Network (“FinCEN”) needs to have implemented a working data base to accept...

OPINION: The Overdraft Landscape Is in Transition

One of my biggest pet peeves in all of finance is the overdraft fee. I first wrote in 2019 that we were moving to a world of no overdraft fees. This was...

Pennsylvania Lender To Pay More Than $3M in DOJ Redlining Settlement

Dive Brief: Stroudsburg, Pennsylvania-based ESSA Bank & Trust will pay more than $3 million to settle redlining allegations, the Justice Department announced Wednesday. The bank, between 2017 and 2021, “failed to provide mortgage...

June 9: CFPB Updates This Week

PUBLISHED JUN 08, 2023 Agencies Propose Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations Five federal regulatory agencies today requested public comment on proposed guidance addressing reconsiderations of...

Ireland’s CUs in Co-Lending Project

DUBLIN, Ireland–Social enterprise funder Community Finance Ireland (CFI) has announced plans to collaborate with this country’s credit unions on a co-lending project to help enhance lending to charities and sporting...

June 2: CFPB Updates This Week

PUBLISHED JUN 01, 2023 CFPB Finds that Billions of Dollars Stored on Popular Payment Apps May Lack Federal Insurance The Consumer Financial Protection Bureau (CFPB) published an issue spotlight on digital...

NASCUS Summary of the OIG NCUA Semiannual Report to Congress

On May 30, 2023, NCUA’s Office of Inspector General issued its semiannual report to Congress covering the six-month period October 2022 through March 2023. The report provided a general recap...

Federal Reserve Releases Supervision and Regulation Report

The Federal Reserve promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system. It is responsible for supervising—monitoring, inspecting, and examining—certain financial institutions...