“Stablecoins” and market fragmentation are two key areas being closely watched for their impact on financial stability by the global umbrella group for financial regulators, the chairman of the group (and Federal Reserve vice chairman) […]
Thirteen banks or thrifts were recently awarded “outstanding” ratings for compliance with anti-redlining laws and rules, according to performance evaluations made public last month, the federal regulator of national banks said Wednesday. The number of […]
Examiner instructions on evaluating banks for compliance with anti-redlining rules will now include guidance urging the banks to consider partnering with minority depository institutions (MDI) and low-income credit unions for credits toward compliance , the […]
Directors or other management officials at banks with assets of $10 billion or less would no longer face restrictions from serving at more than one depository institution or holding company at the same time (and […]
The first “Credit Union Diversity, Equity, and Inclusion Summit” is set for Nov. 6 by the federal regulator of credit unions, the agency said Wednesday, aimed at discussing how to promote those qualities at the […]
A group of companies making high-interest credit offers to veterans that are marketed as purchases of the individuals’ future pension or disability payments are being sued in federal district court in the District of South […]
Cybersecurity and “operational resiliency” are at the top of the supervisory strategies for fiscal year 2020 of the federal regulator of national banks; the strategies, released Tuesday, also guide priorities for the agency. Tuesday is […]
Unauthorized access of customers’ account data, and sharing that data with others who illegally accessed the accounts, got a former employee of Regions Bank, Birmingham, Ala., barred permanently from ever again working in a federally […]
Encouraging innovation that meets consumer demand, promotes community banking, reduces compliance burdens, and modernizes supervision are all part of the “foundation for the next chapter of banking,” the board chairman for the federal insurer of […]
Seven former credit union employees were barred from any future work in federally insured financial institutions under prohibition notices and orders disclosed last month by the National Credit Union Administration (NCUA). NCUA reported five prohibition […]
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