A civil money penalty of $200,000 and restitution of $36,000 must be paid by a Texas mortgage servicer under the terms of a settlement announced Wednesday by the federal consumer financial protection agency. The Consumer […]
A “draft document for internal discussion” about revamping rules implementing the anti-redlining Community Reinvestment Act (CRA) could be ready within the next week, with a notice of proposed rulemaking possible later this summer, the board […]
Net income at federally insured banks and thrifts was $60.7 billion in the first quarter of this year, up 8.7% (or $4.9 billion) from the same quarter a year earlier, the federal insurer of bank […]
Consumers have reported another scam involving fictitious email messages allegedly initiated by the Office of the Comptroller of the Currency (OCC) or senior officials of the agency regarding funds purportedly under the control of the […]
State loan-to-deposit ratios for 2019 are now public, replacing the 2018 ratios, which help to determine whether a bank may establish or buy a branch (or branches) without triggering prohibitions on doing so primarily for […]
The annual survey of branch deposits (Survey of Deposits, or SOD) as of June 30 for all federally insured banks and savings institutions is due to the Federal Deposit Insurance Corp. (FDIC) by July 31, […]
Title: Changes to Applicability Thresholds for Regulatory Capital and Liquidity Requirements Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The Office of the Comptroller of the Currency (OCC), the Board of Governors […]
A proposed framework for determining capital and liquidity requirements for large foreign banking organizations (FBOs), issued last week by banking regulators, is summarized in a bulletin released Tuesday by the Office of the Comptroller of […]
Private flood insurance policies for applicable loans must be accepted by credit unions beginning July 1, the board chairman for the federal regulator of credit unions said Tuesday. In a Regulatory Alert sent to all […]
Two questions intended to evaluate industry-wide exposure to employer-defined benefit plans will be added to credit union quarterly reports, according to a proposal by the institutions’ federal regulator. In filings Tuesday with the Federal Register, […]
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