WASHINGTON–The Financial Crimes Enforcement Network (FinCEN) has extended the deadline for certain reporting companies to file their initial beneficial ownership information (BOI) reports.
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VILNIUS, Lithuania—The USAID/World Council of Credit Unions (WOCCU) Credit for Agriculture Producers (CAP) Project is reporting it assisted representatives of Ukraine’s credit union sector to prepare to implement the country’s new credit union law by leading them on a study tour to learn the best practices of Lithuanian credit union operations, regulation and supervision.
WASHINGTON–In the wake of reports alleging a long-time “sexualized boys club” at the federal bank regulator, the FDIC’s Office of Inspector General (OIG) said it will conduct a "special inquiry" into how the bank regulator's leadership has handled complaints about sexual harassment and other allegedly inappropriate conduct.
NEW YORK—Buy-now-pay-later company Affirm is predicting demand for its short-term consumer loans to increase if interest rates stay high for an extended period, which should help its struggling bottom line, according to a new report.
WASHINGTON—Economic growth is likely to decelerate and ultimately result in a mild recession in 2024, followed by a return to growth in 2025, according to the November 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
ARLINGTON, Va.—Existing home sales fell 4.1% in October to a seasonally-adjusted annual rate of 3.79 million units, representing a 14.6% decrease in sales versus a year ago, according to new data from the Commerce Department.
ARLINGTON, Va.—New home sales fell 5.6% in October to 679,000 annualized units, while sales in September were revised down 40,000 units. Compared to last year, October’s sales were 16.7% higher, according to new data from the Commerce Department.
WASHINGTON— The Consumer Financial Protection Bureau (CFPB) has ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under what it said is a long-standing federal law.
ALEXANDRIA, Va. –NCUA said it will reinstate assessing civil money penalties for credit unions failing to submit NCUA Form 5300 Call Reports on time, effective Jan. 1, 2024.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has published a final rule that amends several provisions of the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac.