Evaluating certain types of applications for licenses by banks that have less than satisfactory Community Reinvestment Act (CRA) ratings – or similar ratings in one or more geographic rating areas – is the subject of […]
The recent financial crisis demonstrated that there is “nothing inherently safer about separating banking and commerce or traditional banking and investment banking,” the acting comptroller of the currency said Wednesday in offering “an alternative to the […]
Kristen Donoghue, principal deputy for enforcement for the Consumer Financial Protection Bureau (CFPB) will become the agency’s next enforcement chief, according to press reports. Donoghue would succeed Anthony Alexis in the post, who announced in […]
A California state government group has issued a report calling for a multi-state consortium to advocate for removal of federal legal and regulatory roadblocks to financial institutions offering banking services to the marijuana industry. Additionally, […]
An exemption threshold amount for appraisals on mortgages will increase to loans of $26,000 or less (from $25,500 or less), according to a final rule to be published by two federal banking regulators and the […]
The very effectiveness in setting monetary policy depends on the public’s assured confidence that the Federal Reserve Board acts only in the public interest, the outgoing chairman of the central bank’s board said Tuesday in […]
Changes to the Federal Reserve’s role in setting monetary policy – by restricting the central bank’s investment powers, tweaking the board’s approach to the economy, and making the Federal Reserve system more “public” – were […]
Demand for commercial and industrial (C&I), residential real estate, and commercial real estate (CRE) loans weakened in the three-month period of August-October, even though many lending standards on many of those loans were either eased […]
Randal K. “Randy” Quarles officially became the Federal Reserve Board’s first vice chairman for supervision after being sworn in Monday by Chairman Janet Yellen. Quarles, 60, joined the board Oct. 13 about a week following […]
Flexibility to provide rehabilitation financing in communities with depressed home values offered in August guidance for national banks and federal savings associations is making “real differences in communities that need reinvestment most,” the acting comptroller […]
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