News stories tagged June
Featured Story
A Return To “Normal” Debt – Financially Vulnerable Left Behind
The economy has been through the wringer for the past few years. Skyrocketing inflation in the wake of the COVID-19 pandemic brought with it a series of rapid rate rises...
June 30: CFPB Updates This Week
PUBLISHED JUN 29, 2023 The CFPB’s 2022 Fair Lending Annual Report to Congress The CFPB released its Fair Lending Annual Report to Congress , describing our fair lending activities in enforcement and...
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...
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...
Bank Policy Institute Offers Feedback on SEC’s Climate Disclosure Policy
Courtesy of Dave Kovaleski, Financial Regulation News June 20, 2022 — The Bank Policy Institute (BPI) offered feedback on the Securities and Exchange Commission’s (SEC) proposed climate disclosure policy, expressing...
Cornerstone League and Heartland Credit Union Association to Explore Merger
Jun 23, 2022 — Cornerstone and HCUA merger committees have begun the due diligence process. The Cornerstone League and Heartland Credit Union Association are exploring the possibility of a merger....
CFPB & FDIC BoD on the Amended Deposit Insurance Fund Restoration Plan and Revised Deposit Insurance Assessment Rates
One of the FDIC’s most important responsibilities is to prudently manage the Deposit Insurance Fund. The FDIC’s ability to credibly guarantee our nation’s insured deposits is vital for the stability...
Would You Accept an NFT as Loan Collateral? Some Lenders Already Have.
Can non-fungible tokens (NFTs) disrupt the lending market? And should credit unions, which are showing heightened interest in cryptocurrency, be entering this space as well? Article courtesy of Ray Birch,...
Top 21 Emerging Cyber Threats and How They Work
June 7, 2022 — Cyber attacks, hacking, and data breaches are a growing threat. Yet, many companies could have prevented these threats with a bit of risk management and a...
FinCEN Issues Advisory on Elder Financial Exploitation
Urges Financial Institutions to Aid in Combatting Growing Threat June 15, 2022 — The Financial Crimes Enforcement Network (FinCEN) is issuing an advisory to alert financial institutions to the rising trend...
105 Countries Are Exploring Central Bank Digital Currencies, CBDC Tracker Shows
There are now 105 countries that are exploring central bank digital currencies (CBDCs). Among them, 50 countries are in an advanced phase of digital currency exploration (development, pilot, or launch)....