Bank regulators were urged to move apace on efforts to tailor prudential standards for banks under $250 billion in assets during a Senate Banking Committee hearing Tuesday on implementation of the recently enacted financial reform […]
Proposed revisions to call reports (and certain others) resulting from new accounting standards for credit losses are outlined in a new Financial Institution Letter (FIL), the Federal Deposit Insurance Corp. (FDIC) said Tuesday. In issuing […]
Regulators took a forward look in testimony Tuesday about recently enacted regulatory relief legislation, telling a Senate committee where they hope to go in coming weeks and months with their regulatory plans, and what more […]
How the federal insurer of bank deposits can improve communications to insured banks, consumers and others about rules and laws regarding deposit insurance is sought in a comment call included in a “request for information” […]
A survey conducted by the federal bank deposit insurer on banks’ small-business lending practices showed differences in how large and small banks – those under $10 billion in assets, and $10 billion and above – […]
Three representatives of banks and credit unions were appointed to three-year terms on the Community Depository Institutions Advisory Council (CDIAC) of the New York Federal Reserve Bank, the bank announced Monday. The appointments are effective […]
Facilitating the sharing of member-to-member (MTM) communications when a federally insured credit union is merging with another is addressed in a letter to credit unions (LTCU) published Monday by their federal regulator. The National Credit […]
The sixth 2018 liquidation of a federally insured credit union was announced Monday by the National Credit Union Administration (NCUA): LOMTO Federal Credit Union (Woodside, N.Y.) was closed Sunday, with its members, most shares, some […]
Changes to the Federal Reserve’s Regulation A reflecting an increase in the rate for primary credit to 2.75% at Federal Reserve Banks will be made under a notice filed for publication in the Federal Register, […]
An exemption from Bank Secrecy Act (BSA) customer identification program rules for loans made for the purchase of property and casualty insurance was approved by federal regulators Friday, effective as of Sept. 27, 2018. The […]
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