The federal agency that regulates credit unions on Tuesday closed two small West Virginia credit unions following about a five-week conservatorship for each. The National Credit Union Administration (NCUA) said it liquidated O.F. Toalston Federal […]
Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]
Martin Gruenberg, the current acting chairman of the board for the federal insurer of bank deposits, would become the chairman (no longer temporary) of the agency panel under a nomination issued Monday by the White […]
Changes to clarify what will be disclosed to the public when the Consumer Financial Protection Bureau (CFPB) designates a nonbank entity for supervision, and more time for such entity to weigh in on such disclosure, […]
How close the National Credit Union Share Insurance Fund (NCUSIF) is to achieving a staff-projected, year-end equity ratio of 1.3% may be revealed Thursday during the National Credit Union Administration (NCUA) Board open meeting, which […]
Elevating fairness – to ensure that the federal banking system provides fair access and treatment, including through enforcement of anti-redlining laws – is a commitment of the national bank regulator, the agency’s top supervisory official […]
National banks, federal savings associations, and federal branches and agencies of foreign banks were permitted to close offices in areas affected by Tropical Storm Nicole in Florida, Georgia, North Carolina, and South Carolina, the national […]
A complaint bulletin that highlights consumer complaints and discusses fraud risks related to crypto-assets was issued Thursday by the Consumer Financial Protection Bureau (CFPB). “Our analysis of consumer complaints suggests that bad actors are leveraging […]
Inadequate investigatory practices of consumer credit reporting companies and information furnishers in dealing with consumer reporting disputes could draw state or federal law enforcement action under the Fair Credit Reporting Act (FCRA), the Consumer Financial […]
The banking system remains financially sound in the face of a changing economy, the Federal Reserve said Thursday, but it also noted that credit risk has increased as exhibited by increased credit loss provisions by […]
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