A 396-member credit union serving a church in Detroit was liquidated Tuesday by Michigan’s financial institutions regulator. The National Credit Union Administration (NCUA) was appointed liquidating agent of the state-chartered, federally insured credit union. The […]
Barely four hours after a Treasury report was issued calling for a national charter for financial technology (fintech) companies, the regulator of national banks Tuesday announced it was accepting applications for charters for the non-bank […]
Typically, by this time of year, about six “letters to credit unions” (LTCUs) – which detail or outline issues deemed of special importance – would have been issued by the federal regulator of credit unions […]
The Treasury Department on Tuesday released its fourth and final report in a series that responds to the president’s 2017 executive order focusing on regulatory core principles, with this one offering recommendations to “support nonbank […]
A vote on the nomination of Kathleen (“Kathy”) Kraninger to be director of the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) is set for Thursday by the Senate Banking Committee. The […]
A revised version of the “Business Combinations” booklet of the Comptroller’s Licensing Manual was announced in Bulletin 2018-22 issued Tuesday by the Office of the Comptroller of the Currency (OCC). The new, Version 1.1 of […]
Registration has opened for a Sept. 6-7 conference on bank research, which features a keynote address and a panel on bank bailouts among the three dozen sessions scheduled. The two-day conference, sponsored by the Federal […]
The Federal Reserve Board on July 25 approved a revision and three-year renewal of its Financial Statements for Holding Companies, the FR Y-9 family of reports. The Fed issued a notice and request for comments […]
Half of Congress may be out for the summer (the House comes back on Sept. 4), but the Senate and federal financial institution regulators will be taking some actions next week – including the credit […]
A Kentucky bank must pay about $4.75 million in restitution to 11,000 of its customers for offering deposit add-on accounts, but not telling consumers that all of the products would have no charge related to […]
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