Underwriting standards were eased for most loan types during the period “generally corresponding” with the fourth quarter of last year, the Fed said in results of a December survey of bank senior loan officers, with […]
The phrase “overdraft fees” does not appear in the “semiannual regulatory agenda” published Monday by the federal consumer financial protection agency, according to the day’s issue of the Federal Register. However, there may be more […]
The outgoing board chairman of the federal bank deposit insurance fund is planning an “exit interview” of sorts the day before she formally exits, the agency said Monday. Jelena McWilliams, chairman of the Federal Deposit […]
A former lending executive for Loudoun Credit Union, Leesburg, Va., who reportedly violated credit union policy and federal rules on member business lending may no longer participate in the affairs of any federally insured financial […]
President Joe Biden’s three selections to join the Federal Reserve Board – which include the nominee who has also been named the candidate for the top supervisory role at the agency – will appear before […]
Lists of areas determined to be “rural or underserved” and counties determined to be “rural” in 2021 for purposes of applying certain regulatory provisions in 2022 have been updated by the federal consumer financial protection […]
Guidance for implementing a framework to supervise insurance organizations owned by banks and overseen by the Federal Reserve was proposed Friday by the agency. Comments will be accepted for 60 days. According to the Fed, […]
Three former Utah bankers were prohibited from future service in their former bank, or any other insured depository institution or company, and fined a total of $510,000 for reckless, unsafe, or unsound banking practices involving […]
Bankers and a credit union leader from across 12 individual states are 2022 members of the Federal Reserve’s Community Depository Institutions Advisory Council (CDIAC), the agency said Friday. Officers of the council were also named. […]
A former branch manager for Cecil Bank, Elkton, Md., who reportedly misappropriated nearly $45,000 in customer funds in 2017 was barred from future involvement in the affairs of any federally insured depository institution under a […]
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