The $6.3 million-assets Yonkers Postal Employees Credit Union of Yonkers, N.Y., was conserved Friday by the state’s financial services department, which appointed the National Credit Union Administration (NCUA) as conservator. The NCUA, announcing the conservatorship, […]
Proposed revisions to regulatory capital requirements for banking organizations with $100 billion or more in total assets were issued jointly Thursday by the Federal Deposit Insurance Corp. (FDIC), Federal Reserve Board, and Office of the […]
Consumer financial protection is a core component of credit union regulation, the board chairman of the federal agency that oversees the institutions said Thursday, and is not at odds with regulation meant to ensure safety […]
The banking system is sound and resilient, the interest-rate setting committee of the Federal Reserve Board said Wednesday following action by the panel to raise interest rates by 25 basis points, citing inflation risks – […]
Auto lenders are singled out for unfair, deceptive, and abusive acts or practices (UDAAP) by the federal consumer financial protection agency in a report issued Wednesday. In releasing the latest version of its Supervisory Highlights, […]
A change in the operating fee schedule methodology that would exempt federal credit unions with assets of less than $2 million – up from $1 million – is out for comment until Sept. 5, according […]
Title: Federal Credit Union Bylaws Subject: Member expulsion Agency: NCUA Status: Final rule Summary: On March 15, 2022, Congress enacted the Credit Union Governance Modernization Act of 2022 (Governance Modernization Act). Under the statute, the […]
Title: Request for Comment Regarding National Credit Union Administration Operating Fee Schedule Methodology Subject: Operating fees Agency: NCUA Status: Notice and request for comment Summary: The NCUA Board (Board) is requesting comment on changes to […]
Regulatory capital rules are on the discussion agenda of the Federal Deposit Insurance Corp. (FDIC) Board meeting slated July 27, marking a step forward in banking regulators’ plans to issuing joint proposed rules for implementing […]
A $15 million civil money penalty (CMP) was assessed against a bank owned by one of the nation’s largest credit card companies, the regulator of national banks announced Tuesday. The fine, assessed in a consent […]
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