Directors and senior management of South Dakota and regional banks and thrifts can attend an Aug. 6-7 workshop on the roles and responsibilities of financial institution board participation. The session, set for the Holiday Inn […]
Seven bank fraud schemes, involving at least 10 victims and more than $5.7 million in intended losses, resulted in a sentence of 10 years in federal prison and ordered restitution of more than $905,000 for […]
Revised or new information regarding appeals of material supervisory determinations, Home Mortgage Disclosure Act (HMDA) exam procedures, SOURCE violation codes, and more are included in June 2019 updates to the manual that bank examiners use […]
While only 81 credit unions submitted a diversity self-assessment form last year, more than half that did so (57%) reported a “leadership/organizational” commitment to diversity at their institutions, the federal credit union regulator reports. In […]
A measurement used to ensure that no financial company through merger or consolidation acquires more than 10% of the aggregate financial sector liabilities was set at $20,664,262,842,000 for the period from July 1, 2019, through […]
A resolution of a financial institution failure driven by a cybersecurity “incident” would present unique operational, confidence and other challenges that regulators are not necessarily equipped to handle, the head of the federal insurer of […]
A new office to consolidate supervision of large, complex banks and systemically important financial institutions is part of an overall effort to strengthen the federal insurer of bank deposits’ work in the areas of supervision […]
A bulletin that explains to federal savings associations (FSAs) the ins and outs of becoming “covered” savings institutions that may engage in national bank powers – an option created by last year’s regulatory relief statute […]
Exploration of cutting-edge fair lending issues – including how consumer-friendly innovation can increase access to credit for all consumers and especially unbanked and underbanked consumers and their communities – will be a focal point for […]
The delay in the compliance date of the mandatory underwriting provisions of payday lending rules is reflected in an updated “small entity compliance guide” published by the federal consumer financial protection agency, announced Monday. The […]
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