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FHFA releases VantageScore 4.0 credit scores

Jul 12, 2024 | NewsWatch Today
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are making historical VantageScore 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements.

Input on FHLBank system mission review due Monday

Jul 12, 2024 | NewsWatch Today
Monday is the deadline for community bankers and others to submit comments on the Federal Housing Finance Agency’s request for input on the mission of the Federal Home Loan Bank System.

Megabank group urges IG to investigate community bank assessment exemption

Jul 11, 2024 | NewsWatch Today
The Bank Policy Institute called on the FDIC Office of the Inspector General to investigate the FDIC’s recent special assessment, which exempted the vast majority of community banks.

Comptroller lauds ICBA’s check fraud efforts

Jul 11, 2024 | NewsWatch Today
Acting Comptroller of the Currency Michael Hsu highlighted the formation of ICBA’s Check Fraud Task Force as an important step in addressing financial fraud.

CFPB proposes mortgage servicing rule

Jul 11, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau issued a proposed rule to amend mortgage servicing rules under Regulation X.

CFPB says it will consider eliminating credit card late fee safe harbor

Jul 10, 2024 | NewsWatch Today
The Consumer Financial Protection Bureau said it plans to assess whether to eliminate the credit card late fee safe harbor under Regulation Z.

Fed’s Powell: Regulators should issue new Basel III Endgame proposal

Jul 10, 2024 | NewsWatch Today
Federal Reserve Chairman Jerome Powell told Congress that regulators should issue a revised Basel III Endgame proposal.

Bowman: Banks well-positioned to support financial inclusion

Jul 10, 2024 | NewsWatch Today
The U.S. banking system is well-positioned to bring consumers into the financial mainstream by providing innovative solutions to meet their credit needs, Federal Reserve Governor Michelle Bowman said.

NCUA budgets far fewer exam hours than FDIC: inspector general

Jul 9, 2024 | NewsWatch Today
Credit unions have a much easier time with exams, according to a report by the National Credit Union Administration’s inspector general.

FinCEN updates beneficial ownership FAQs

Jul 9, 2024 | NewsWatch Today
The Financial Crimes Enforcement Network updated its beneficial ownership information frequently asked questions to include responses to questions about entities that have ceased to exist.

Treasury proposes expanded jurisdiction over transactions near military installations

Jul 9, 2024 | NewsWatch Today
The Treasury Department proposed a rule to add military installations across 30 states to its jurisdiction over transactions by foreign persons in the U.S., following President Joe Biden’s ban of a Chinese cryptocurrency mining facility within a mile of Francis E. Warren Air Force Base.

Independent Banker spotlights importance of change management

Jul 8, 2024 | NewsWatch Today
As new technologies and solutions ebb and flow, change-management strategies are critical to ensure community bank success, according to the latest Independent Banker.