A federal awards program that encourages banks to increase their community development activities, including through investments in credit unions that are certified as community development financial institutions (CDFIs), will be explained during a June 12 […]
A list of 88 banks examined for Community Reinvestment Act (CRA) compliance and released by the federal bank deposit insurer Wednesday shows 78 banks receiving the rating of “satisfactory” in March, while three were deemed […]
The Federal Reserve Board’s community banking representative is “deeply committed” to the central bank’s dual mandate of maximum employment and price stability, according to her written statement for Wednesday’s Senate Banking Committee hearing on her […]
Federal banking regulators are focusing on three areas for proposing reform of rules implementing anti-redlining laws – but one of those regulators walked back a timeline Tuesday as to when those reform proposals will surface […]
Title: Liquidity Coverage Ratio Rule: Treatment of Certain Municipal Obligations as High-Quality Liquid Assets Subject: HQLA, LCR Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, the Board, and the FDIC (collectively, the […]
A contraction in workforce of nearly 8.5% at the federal consumer financial protection agency – translating to 139 employees – at the end of the last fiscal year is reported in a status report made […]
Three new members are now on the Minority Depository Institutions Advisory Committee (MDIAC), the Office of the Comptroller of the Currency (OCC) announced Tuesday, bringing the group up to nine members. The OCC said the […]
Three questions on the minds of policymakers at the Federal Reserve as they review the central bank’s efforts in communicating interest-rate policy strategy and actions were outlined Tuesday by the agency’s chairman, who was opening […]
Feedback on additional steps that could be taken to provide technical assistance to banks and savings institutions is being sought by the federal insurer of bank deposits, in an effort – the agency said Monday […]
Plans at credit unions’ federal regulatory agency to add an “S,” for market risk Sensitivity, to the CAMEL rating system now suggest final implementation may not occur before year-end 2021, according to the latest semiannual […]
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