A final rule that broadens the definition of a federal credit union (FCU) “service facility” in connection with the addition of groups to the institution’s field of membership is scheduled to take effect Dec. 27, […]
Analysis of central bank digital currencies (CBDCs), and their uses, will be aided by the just-opened New York Innovation Center, the chair of the Federal Reserve said Monday in opening the new facility. Federal Reserve […]
Seven members, six of them new, will begin three-year terms on the Federal Reserve’s Insurance Policy Advisory Committee (IPAC) beginning in 2022, the Fed said in a recent announcement. That committee of seven is sharply […]
A 50-cent increase in the maximum allowable fee that a nationwide consumer reporting agency or nationwide specialty consumer reporting agency can charge consumers for their credit reports will raise next year’s fee maximum to $13.50, […]
Nearly 200 national banks and federal savings associations are expected to receive evaluations under the anti-redlining Community Reinvestment Act (CRA) during the first and second quarters of 2022, according to the schedule released Monday by […]
Congress should make permanent to the fund that backs up credit union liquidity temporary enhancements that were made in response to the coronavirus crisis, the members of the federal credit union regulator board wrote Monday. […]
An Arkansas bank was ordered to pay a civil money penalty (CMP) of nearly $130,000 in October for its part in allegedly misrepresenting refinancing loans to veterans, according to enforcement actions for that month released […]
More than 4,800 banks and banking firms – holding just under $43 trillion in assets – were under the supervision of the Federal Reserve as of mid-year, according to the latest supervision and regulation report […]
Banks generally may not make passive equity investments in venture capital funds, and this may be the case even if the fund qualifies for a Volcker rule exclusion, according to a bulletin Tuesday from the […]
A federal credit union (FCU) this month won a reversal of its federal examiner’s assignment of a CAMEL code 3 examination rating, with an upgrade to a CAMEL 2, through an appeal to the National […]
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