A nearly $86 million-in-assets New Jersey credit union was liquidated by state banking authorities Wednesday, as the federal insurer of credit union savings was appointed the liquidating agent. The credit union had been in operation […]
With proposed changes to Community Reinvestment Act (CRA) rules set for release in March by the Office of the Comptroller of the Currency (OCC), two federal banking regulators Tuesday released their upcoming exam schedules for […]
A former director in Massachusetts pleaded guilty to an extortion charge, and a former employee in Wisconsin admitted to a theft, resulting in both being ordered to pay restitution to their credit unions by the […]
Congress’ watchdog agency found weaknesses in federal financial and consumer agency regulatory reviews under Regulatory Flexibility Act (RFA) and Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) and recommended changes for improvement, an official told […]
The federal consumer protection agency and the federal financial institution regulators are the subject of 10 recommendations made by the congressional watchdog, including assessing effectiveness of mortgage disclosure guidance and reporting rationales for their actions. […]
The future on the board of the federal deposit insurer for the current chairman is unclear, according to remarks given by the chairman himself during a press conference about fourth-quarter and year-end 2017 bank performance. […]
The economic outlook looks strong, although financial conditions across the country have reversed the “easing” that occurred last year, the chairman of the board of the nation’s central bank said Tuesday. He also said his […]
Praising the distribution of nearly $736 million to credit unions this year, a member of the board of the federal credit union regulator compared credit unions’ experience to that of federally insured banks, which he […]
The new tax law cost banks profitability in the fourth quarter of 2017, as banks reported net income down nearly 41% from the same period a year earlier, the federal insurer of bank deposits said […]
Revitalizing communities by establishing housing rehabilitation loan programs is the focus of the latest edition of the Investments newsletter published by the Office of the Comptroller of the Currency (OCC). The “Expanding Housing Opportunities: Single-Family […]
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