Refunds of approximately $19 million to about 400 depositors would be forced on an investor and the company he ran under a proposal made public Thursday by the federal consumer financial protection agency. According to […]
Reductions for assessment fees on banks – and no change in the assessment rates from 2022 for independent trust and independent credit card fee schedules – were announced Thursday by the Office of the Comptroller of the […]
Net income of $71.7 billion was reported by banks in the third quarter, an increase of 11.3% from the previous quarter, or $7.3 billion, the federal insurer of bank deposits reported Thursday. The spike in […]
The office that carries out the agency’s work related to credit union liquidations, conservatorships, recoveries, and various consulting and training activities is being moved out of the Southern Region and will once again be an […]
A small, Yonkers, N.Y., credit union agreed to a cease-and-desist order from its federal regulator this month – but that’s about all the details the agency would release in a report issued Wednesday. According to […]
Three nominees for the board of the federal insurer of bank deposits – including those for chairman and vice chairman – offered their views to a Senate committee Wednesday as their nominations are considered for […]
Even though reserve requirements for banks will stay zero, the Federal Reserve Tuesday issued the annual indexing for the reserve requirement exemption, because the law requires it, the agency said. The publication of the technical […]
Revised mitigating factors, and increased scoring weight of those factors, are two key changes in the manual for assessing civil money penalties (CMPs), the regulator of national banks said Tuesday. The Office of the Comptroller […]
A Tupelo, Miss., bank has agreed to pay a $325,000 civil money penalty (CMP) after a finding that the bank failed to obtain required flood insurance coverage for loans made for structures in a flood […]
A new credit union in Montana serving primarily native Americans is now chartered, the federal credit union regulator said Monday. According to the National Credit Union Administration (NCUA), The Morning Star Federal Credit Union (FCU), […]
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