News stories tagged NASCUS Report
Decentralized Finance To Be Examined at Inaugural CFTC Tech Advisory Meeting
The United States commodities regulator is set to take a close look at the decentralized finance space at an upcoming meeting of its tech committee, where it has also invited crypto industry executives to present.
Ohio Bank Reaches $9M Redlining Settlement With DOJ
As part of the consent order, Park National has agreed to invest at least $7.75 million in a loan subsidy fund to increase access to credit for home mortgage, improvement and refinance loans, as well as home equity loans and lines of credit in majority-Black and Hispanic neighborhoods in the Columbus area
How the LIBOR Transition Affects the Supply of Revolving Credit
In the United States, most commercial and industrial (C&I) lending takes the form of revolving lines of credit, known as revolvers or credit lines...
NCUA’s 2023 Supervisory Priorities
NCUA’s Letter to Credit Unions (23-CU-01) Dear Boards of Directors and Chief Executive Officers: This letter outlines the NCUA’s supervisory priorities and other updates to the agency’s examination program for...
CFPB Issues Guidance to Root Out Tactics Which Charge People Fees for Subscriptions They Don’t Want
New circular addresses dark patterns and other tricks used by companies to confuse and deceive consumers enrolled in subscription services. The Consumer Financial Protection Bureau (CFPB) issued a new circular...
Seven Things to Know About the Debt Limit
Courtesy of Leonard Burman and William G. Gale, Brookings Institute There is a legal maximum on how much debt the federal government can accumulate—often called the “debt ceiling” or the...
Dec. 12: CFPB News This Week
NASCUS Member Benefit: Recent CFPB Resource Summaries CFPB Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) issued...
CFPB News This Week
Biden Asks Supreme Court to Overturn Fifth Circuit’s CFPB Ruling The Biden Administration on Monday asked the U.S. Supreme Court to overturn an appeals court decision that found that the...
Nov. 17, 2022: NCUA Board Meeting Summary
November 17, 2022 — There was one item on the NCUA Board meeting agenda, a briefing on the Quarterly Share Insurance Fund report. The fund’s equity ratio as of June...
FHFA Publishes New Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File
Oct. 24, 2022 — The Federal Housing Finance Agency (FHFA) today published its new Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File. FHFA also launched UAD Aggregate Statistics Dashboards on...
It’s Time for Compliance Department Professionals to Become Technologists
Compliance professionals within financial service firms are finding that they need to demonstrate their abilities with new technologies in order to meet regulatory requirements The expansion of governance, risk, and...
Nearly 20% of Passwords are Compromised
Globally, over half of the passwords are reused, exposing personal and corporate data at risk. After analyzing hundreds of millions of anonymous data points, privacy firm Dashlane released a report...