News stories tagged 2023
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...
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...
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...
NASCUS Event: 2023 Colorado Executive Forum
Join Us On September 7, 2023 NASCUS, the Colorado Department of Regulatory Agencies Division of Financial Services, and the GoWest Credit Union Association invite you to join us on Sept....
Fed Keeps May Interest-Rate Increase on Table Despite Expected Recession
Officials thought regulators had soothed banking turmoil enough to justify a quarter-point rate increase, meeting minutes show. Courtesy of By Nick Timiraos, Wall Street Journal Stubbornly high inflation and tight...
CFPB Eyes Big Tech’s Payments Efforts and Stablecoin Risks for Review
The words “systemic” and “risk” have been on everyone’s lips in the past few weeks. And for Big Tech, at least, the regulatory gaze will only widen, eyeing the payments ambitions of the biggest platforms, and whether new payment types...
NCUA Opening 2023 CDRLF Grant Round May 1
$3.5 Million Available; Credit Unions Should Review Eligibility Before Applying. Credit unions eligible for Community Development Revolving Loan Fund grants in 2023 can apply between May 1 and June 30,...
Apr. 7: CFPB Updates This Week
The CFPB issued the small business lending rule. To help financial institutions implement and comply with the small business lending rule, the CFPB is launching a dedicated regulatory and technical support program called SBL Help...
Veteran of FDIC Takeover Tells What It’s Like to Run a Failed Bank
John Bovenzi is part of the small club of people who have run a failed U.S. bank, a group whose membership expanded by two this month when regulators swooped in to take over Silicon Valley Bank and Signature Bank...
Mar. 31: CFPB Updates This Week
CFPB has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination...
HUD Secretary’s Memorandum Concerning “Junk Fees” and Tenant Screening Reports
On March 7, 2023, HUD Secretary, Marcia L. Fudge, issued a public memorandum (the “Memo”) expressing concern over a lack of transparency in fees charged to residential tenants.