North Dakota Bankers
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News Archive for May 2023

FDIC Suggests ‘Targeted’ Coverage Best Option for Deposit Insurance Reform

Posted on: 5/3/2023
A “targeted” deposit insurance system in which additional coverage would be extended to ...

CFPB Proposes Rule to Apply TILA Requirements to PACE Loans

Posted on: 5/3/2023
The CFPB has released a proposal for applying ability-to-repay requirements to residential property ...

Texas Bankers Association Sues to Block Section 1071 Rule

Posted on: 5/3/2023
The Texas Bankers Association are suing to block the CFPB from implementing its final rule under Section ...

FDIC: ‘Authorize Positive, Settle Negative’ Overdraft Fees Present Risks of Unfairness

Posted on: 5/3/2023
The FDIC has said that overdraft fees resulting from “authorize positive, settle negative” ...

FinCEN Releases Figures on Use of BSA Reporting Data

Posted on: 5/3/2023
Bank Secrecy Act filings were used in IRS criminal investigations that led to $7.7 billion in asset ...

California Regulator Faults Self, Technology for SVB Closure

Posted on: 5/10/2023
State and federal banking regulators did not take steps to ensure that Silicon Valley Bank quickly addressed ...

FDIC Board to Consider Deposit Insurance Fund Special Assessment

Posted on: 5/10/2023
The FDIC Board of Directors will meet tomorrow, Thursday, May 11, to discuss a proposed rulemaking on ...

Most Banks Managing Interest Rate Risk

Posted on: 5/10/2023
While higher interest rates contributed to the recent bank failures, high levels of capital and moderate ...

CFPB Publishes Section 1071 Compliance Guide

Posted on: 5/24/2023
The CFPB has released a compliance guide for its small business lending rule, which implements Section ...

SBA Asked to Pause Small Business Lending Changes

Posted on: 5/24/2023
The leaders of the House and Senate small business committees have asked the Small Business Administration ...

FDIC to Hold Free Deposit Insurance Seminars for Bank Staff

Posted on: 5/24/2023
FDIC will host five virtual seminars between May 24 and Oct. 16 on FDIC deposit insurance coverage for ...

FHFA Pricing Framework Doesn’t Penalize Borrowers with Higher Credit Scores

Posted on: 5/24/2023
Federal Housing Finance Agency Director Sandra Thompson defended recent actions by the FHFA to adjust ...

CFPB: Overdraft and NSF Fee Revenue Declined Since 2019

Posted on: 5/31/2023
The CFPB has issued a “data spotlight” that found that overdraft and NSF fee revenue decreased ...

Mortgage Rates Continue to Rise

Posted on: 5/31/2023
The rate for a 30-year fixed-rate mortgage averaged 6.57% this week, up from last week when it averaged ...

Prerecorded Webinars Available on Discount Window, Bank Term Funding Program

Posted on: 5/31/2023
The Federal Reserve has released a prerecorded Ask the Fed webinar titled “Discount Window Preparedness,” ...

Third of Bank Customers Hit by Fraud

Posted on: 5/31/2023
More than one in three U.S. bank customers say they have been victims of financial fraud in the past ...

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