The chair of the Federal Reserve and the president of the United States rekindled their sometimes-fraught relationship in November with a 30-minute meeting, ending a six-month apparent moratorium on direct engagements between the two. According […]
Lending was growing modestly in most Federal Reserve districts during the latest quarter, but some districts still reported “flat” or even “declining” growth in borrowing, according to the latest report from the banks issued Wednesday. […]
The 12 commercial bank, thrift, and credit union representatives who will serve on the Federal Reserve Board’s Community Depository Institutions Advisory Council (CDIAC) in 2020 were announced by the central bank Tuesday. The CDIAC advises […]
A high percentage of employees of the Consumer Financial Protection Bureau (CFPB) responding to the agency’s latest employee survey said they like the kind of work they do and that their work is important, but […]
A sale of all of the thousands of loans for taxi medallions is planned by the federal credit union regulator, according to press reports this week. The agency had no comment on the reports. According […]
Federally supervised banking organizations are due to have their fourth-quarter call reports in to their federal regulatory agencies no later than Jan. 30 – except those with more than one foreign office (not counting “shell” […]
A decrease of $7.6 billion in net income – about 12% – was recorded by the Federal Reserve in 2019 from the previous year, the agency said Friday, which the central bank attributed mostly to […]
Higher maximum amounts for civil money penalties (CMP), adjusted for inflation, will be in place after Jan. 15 by four federal financial institution regulators, the agencies said in separate notices to be published as early […]
A no-action letter (NAL) issued Friday to Bank of America (BofA) by the federal consumer financial protection agency provides there will be no supervisory findings or enforcements issued regarding the bank’s funding arrangements with housing […]
The federal agency charged with consumer financial protection will begin taking applications for membership on its consumer, community bank, credit union, and academic research councils Monday, according to a notice slated for Federal Register publication […]
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