Sterling National Bank of Montebello, N.Y., reports that counterfeit official bank checks using the bank’s routing number of 221472815 are being presented for payment nationwide in connection with a variety of overpayment scams involving online […]
Four information collections under rules of the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) are up for revision, without any change, according to the bureau, which says it’s accepting public comments on […]
The regulatory environment had a generally modest effect on the ability of community banks to make small business loans following the financial crisis, according to a new report. However, the report also asserts that data […]
Bank lending to the oil and gas sector, and an overview of bank credit risk-grading systems, are highlighted in two articles published in the summer edition of Supervisory Highlights Journal, published by the Federal Deposit […]
Some “exceptive relief” for financial institutions from obligations of “beneficial ownership” rules of customer due diligence requirements (CDD) expires Saturday under a recent extension issued by federal law enforcement in August. That is, unless the […]
Out of 72 banks examined recently for Community Reinvestment Act (CRA) compliance, only one bank was rated “needs improvement” and six were “outstanding,” according to the federal bank deposit insurer’s list of ratings assigned in […]
The application used to seek certification as a community development financial institution eligible for federal grants and technical assistance is slated for revision, and comments are being accepted until Nov. 5. Treasury’s Community Development Financial […]
The National Credit Union Administration (NCUA) on Tuesday said it has selected Robert Foster, to serve as its chief information officer (CIO) beginning Oct. 14. He has served as the agency’s deputy CIO since August […]
Changes to the Regulation CC, implementing the law controlling availability of funds in checking accounts, have been made to the Federal Deposit Insurance Corp.’s (FDIC) Compliance Examination Manual (CEM). According to the FDIC, the chapter […]
Three more personnel actions were revealed by the Federal Deposit Insurance Corp. (FDIC) Tuesday – actions taken earlier this summer – as the agency’s chairman bolstered her staff. In a release, the FDIC said that: In July, […]
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