An amendment made to the member business loan rule issued by the state of Wisconsin was deemed acceptable for federally insured credit unions last week by the National Credit Union Administration (NCUA) Board. The board […]
Title: Special Assessments Pursuant to Systemic Risk Determination Subject: Special deposit insurance assessment Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would impose special assessments to […]
The Federal Reserve should not “remotely” analyze a bank and downgrade its ratings without “communication and justification,” a member of the agency’s board told a Texas group Friday. Speaking to the Texas Bankers Association in […]
Host state loan-to-deposit (LTD) ratios were issued jointly Friday by the Federal Reserve, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller of the Currency (OCC) in connection with a 1994 statute barring banks […]
The three-member governing board of the federal agency that regulates credit unions is poised to issue a proposed rule on charitable donation accounts during its open meeting May 25. A bit of background: Charitable donation […]
A former employee of Ally Bank, Detroit, Mich., who took out two coronavirus aid-related Paycheck Protection Program (PPP) loans for herself based on fraudulent claims has been permanently barred from participating in the affairs of […]
A webinar is planned May 24 about how banks and other market participants can tell their customers about how the elimination of the LIBOR reference rate at the end of the June will affect their […]
The chief executive officer and director of FirstCapital Bank of Texas, N.A., Midland, Texas, was assessed a $25,000 civil money penalty in April over findings he had, among other thigns, repeatedly approved NSF checks by […]
There are 17 recommendations for improvements for the federal credit union regulator’s contracting officer’s representative program (COR) in an inspector general’s report dated Tuesday. The report by the National Credit Union Administration’s (NCUA) Office of […]
Webinars on federal deposit insurance for banks – held in the wake of the recent failures of three large regional banks, and a resulting special assessment to cover uninsured deposits at those banks – are […]
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