Four credit unions have been awarded grants of $100,000 each from their federal regulator in support of “innovative credit union pilot projects,” the agency said Tuesday. The $400,000 in Community Development Revolving Loan Fund (CDRLF) […]
Noting that she did not support a proposal to raise large bank capital requirements, a member of the Federal Reserve Board said Tuesday she would reserve judgment for her support of a draft final rule, […]
Title: Fair Hiring in Banking Subject: ‘Second chance’ hiring Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) proposes to incorporate its “Second Chance” Interpretive Ruling and Policy Statement 19–1 (IRPS 19–1) and the […]
Banks reported tighter standards, and weaker demand, for commercial and industrial (C&I) loans to all sizes of firms in the third quarter, the Federal Reserve said Monday in reporting results of a lending survey. The […]
Community Reinvestment Act (CRA) evaluation ratings for 96 banks released Friday included 10 ratings of “outstanding” and two ratings of “needs to improve,” according to data from the top two federal banking regulators. The Federal […]
The federal bank deposit insurer late Friday announced the closure of the $66 million-in-assets Citizens Bank, Sac City, Iowa, and the purchase of the bank’s assets and assumption of all its deposits by Iowa Trust […]
Vulnerabilities at certain non-bank financial institutions (NBFIs) could amplify stress resulting from any economic downturn, a member of the Federal Reserve Board said Monday, adding that she is “closely monitoring” the entities. Speaking at Duke […]
A report on state community reinvestment laws – which take their own approach, separate from federal law, to preventing redlining – was released Thursday by the federal consumer financial protection agency. The Consumer Financial Protection […]
The draft budget justification detailing the federal credit union regulator’s plans for an overall 9.5% increase in its budget in 2024, and another 9.9% increase for 2025, is out for public comment until Nov. 21. […]
Title: The NCUA Staff Draft 2024-2025 Budget Justification Subject: Agency funding Agency: NCUA Status: Notice Summary: The NCUA’s staff draft “detailed business-type budget” is being made available for public review as required by federal statute. […]
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