Aggregate net income for the nation’s 5,303 federally insured banks and savings institutions totaled $62.6 billion in the second quarter of 2019, up $2.5 billion – or 4.1% – from the same time one year […]
Four banks earned ratings of “outstanding” – and one a rating of “needs improvement” – in June for their compliance with anti-redlining laws, the federal insurer of bank deposits said Thursday. In its report of […]
A final stress capital buffer (SCB) framework – one that may eliminate two provisions of the framework proposed in 2018 in favor of one or two other options under consideration – could be in place […]
A phased approach to implementing the impact on credit union membership rules of a federal judge’s decision will be taken by the federal regulator of credit unions, the agency’s head said Wednesday. National Credit Union […]
Modest growth in loan volumes in several of the Federal Reserve’s 12 districts was one of the findings of the Fed’s latest Beige Book, an informal snapshot of economic conditions based on input acquired as […]
Lending at federally insured credit unions was undergoing a rebound at midyear after experiencing a broad slowdown during the first three months of the year, according to second-quarter numbers released Wednesday by the federal credit […]
Findings from the Federal Reserve’s year-long look at its monetary policy strategy, tools and communication practices could be shared with the public in the first half of next year, the Fed Board’s community banking representative […]
Changes to Home Mortgage Disclosure Act (HMDA) requirements under last year’s Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA, S. 2155) are reflected in two updated webinars and one new webinar published recently by […]
Nearly 60% of applications for home loans were approved by financial institutions and other lenders in 2018, but those loans exempted from certain reporting under last year’s regulatory relief legislation saw an origination rate of […]
Clarifying a credit union’s responsibilities when acquiring a bank would be the subject of a proposed rule by the federal regulator of credit unions, the NCUA, the chairman of the agency’s board said in an […]
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