The Consumer Financial Protection Bureau today announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act.
The Consumer Financial Protection Bureau this week announced its intent to make a preemption determination regarding whether the Truth in Lending Act preempts a New York State commercial financing law with respect to certain provisions.
In a new report released today, the Consumer Financial Protection Bureau raised concerns that servicemembers are paying extra in interest each year as a result of not taking advantage of interest rate reductions to which they are entitled under the Servicemembers Civil Relief Act.
The group agreed to grant Ukraine’s request for deferral given the “exceptional circumstances, and acknowledging Ukraine’s exemplary track record of honoring debt service to date.
Financial market stresses do not appear to have exacerbated the negative effects on broader economic activity or created substantial pressure on banks.
APIs: Enabling the Hybrid Banking Experience to Boost Customer Acquisition and Upgrade Internal Efficiency
“They give you the ability to enter different markets or partner with different companies, providing a funnel for new customers.”
In 2020, local business conditions were top of mind for community bankers. This year, the lingering effect of COVID-19 on local economies has created a new concern: historic levels of deposits and narrow net interest margins.
The FDIC proposed changes to its guidelines for real estate lending policies in order to align standards with the community bank leverage ratio, which does not require electing institutions to calculate tier 2 capital or total capital.
To help industry providers develop a broad understanding of bank operations, the American Bankers Association has launched a new certificate, the Bank Solutions Provider Certificate.
With the financial industry facing a future without Libor—which is currently being referenced in an estimated $200 trillion of financial contracts worldwide—American Bankers Association VP Hu Benton discussed how the industry is preparing on a recent episode of American Banker’s Bankshot podcast.