For the first time in 40 years, federal banking agencies have increased the aggregate loan commitment threshold for inclusion in “shared national credits” (SNC), raising the total from $20 million to $100 million, the agencies […]
A federal court is scheduled to hear arguments Friday over why it should (or should not) issue a preliminary injunction declaring the deputy director of the Consumer Financial Protection Bureau (CFPB) the true director of […]
Penalties for errors won’t be assessed for Home Mortgage Disclosure Act (HMDA) data collected in 2018 – and new rulemaking reconsidering aspects of 2015 HMDA reporting rules is coming, the federal consumer protection bureau said […]
Credit cards are being used for payments more frequently – and more often for remote versus in-person payment – a new Federal Reserve study released Thursday stated. Additionally, the study showed that the 10.2% growth […]
A “small bank” is one with assets of less than $1.252 billion, and an “intermediate small bank” is one with at least $313 million in assets but less than $1.252 billion, for purposes of community […]
A “designated reserve ratio” (DRR) of 2% for the fund that insures the deposits in the nation’s banks and savings institutions has been approved for 2018, according to filings with the Federal Register. The board […]
A new credit union – with an estimated membership potential of 283,000 – has been chartered in North Carolina, and will operate under a broad charter serving employees of local government in the state, with […]
Credit unions in Idaho and Vermont showed the biggest surge in asset growth in the year ended Sept. 30, according to state figures from the end of the third quartered reported Wednesday by the National […]
Final rules reflecting last week’s increase in interest rates by the Federal Reserve Board –increasing the rate for primary credit from Federal Reserve banks (Regulation A), and revising the interest rates paid on balances maintained […]
Resolution plans – or “living wills” – of the eight largest banks will not have to be resubmitted, two federal banking agencies said Tuesday, because they do not have “deficiencies” that are weaknesses severe enough […]
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