WASHINGTON—The Federal Housing Finance Agency (FHFA) has released a request for information reviewing its appraisal-related policies, practices, and processes.
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WASHINGTON–It’s gotten easier for Facebook, Walmart, Amazon and other companies to get into financial services and the lending business.
WASHINGTON—The Defense Credit Union Council has made donations to four credit union organizations: America’s Credit Union Museum, the Cooperative Trust, the National Credit Union Foundation (NCUF), and the World Council of Credit Unions (WOCCU).
WASHINGTON—The CFPB has finalized annual changes to asset-size exemption thresholds under the Home Mortgage Disclosure Act (HMDA) and Regulation Z, and has also raised the ceiling for allowable charges under the Fair Credit Reporting Act (FCRA).
NEW YORK—Demand for consumer credit in the U.S. has fallen dramatically during the COVID-19 crisis, with credit card applications falling to multiyear lows, the Federal Reserve Bank of New York’s survey of consumer expectations has found.
CHICAGO—A new study has found credit card companies mailed “only” 407 million credit card offers in the third quarter of 2020.
CAMBRIDGE, England—Crypto-asset service providers are paying close attention to compliance rules, a new report from the Cambridge Centre for Alternative Finance reveals.
WASHINGTON–The Consumer Financial Protection Bureau has issued a consent order against Santander Consumer USA Inc. after it was found to have violated the Fair Credit Reporting Act (FCRA) by providing erroneous consumer loan data to consumer reporting agencies (CRAs).
ARLINGTON, Va.–In a comment letter on NCUA’s proposed amendments to its derivatives rules, NAFCU was supportive of the overall intent but has offered several changes it would like to see.
ALEXANDRIA, Va.–The NCUA board has unanimously approved, by notation vote, a notice of proposed rulemaking that would amend the agency’s Suspicious Activity Report (SAR) regulation.