Two banks received “outstanding” ratings for compliance with anti-redlining rules, while one received a rating of “significant non-compliance” in recent evaluations by the federal insurer of bank deposits. The Federal Deposit Insurance Corp. (FDIC) said […]
Climate change poses “significant challenges” to the safety and soundness of financial institutions and the stability of the financial sector more broadly, the Federal Reserve said in a statement issued Wednesday. The Fed assertion was […]
Credit unions are encouraged to participate in the free program that helps members address their federal income taxes; credit unions have until Nov. 15 to contact the IRS about their interest in participating, the federal […]
If you live in a Black or Hispanic neighborhood, or are young with a low credit score, you are “far more likely” to have a dispute appear on your credit report, according to new research […]
A closed meeting of the National Credit Union Administration (NCUA) Board is slated for 10 a.m. Thursday to address a supervisory action, according to a scheduled Federal Register notice. The meeting is closed from public […]
A new Office of Minority and Community Development Banking to support the agency’s ongoing engagement with minority depository institutions (MDIs), community development financial institutions (CDFIs), and other “mission-driven” banks was announced Tuesday by the chairman […]
Credit unions should advance diversity, equity, inclusion, and belonging by embracing those concepts across their institutions – members, employees, and other credit unions, the board chairman for the federal credit union regulator said Tuesday. In […]
The overall information security program at the Federal Deposit Insurance Corp. (FDIC) was deemed to be operating at a “maturity level” 4 (out of a possible 5) in an audit report released recently by the […]
Payment stablecoins and their arrangements should be subject to a federal framework on a consistent and comprehensive basis through an act of Congress – including by requiring that stablecoins may only be issued by federally […]
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