Nine directors of a failed New Orleans bank were either prohibited from ever serving again at a federally insured financial institution, assessed a civil money penalty (CMP) – or both, in one case – in […]
Eight new members of a committee on community banking will take their seats for a June 1 meeting next week, the federal bank deposit insurance agency said Friday. The eight new members of the Advisory […]
The federal fund that insures credit union members’ shares (deposits) is expected to dip to 1.25% by June 30, down from the fund’s 1.3% ratio at year-end 2022, according to information released Thursday by the […]
Federal credit unions would be authorized to contribute to qualified war veterans organizations through the use of charitable donation accounts (CDAs) under proposed rule issued Thursday by the National Credit Union Administration (NCUA) Board. The […]
How the national bank regulator determines if a larger, more complex bank has persistent weaknesses, and possible additional actions the agency may take to address those, are reflected in revisions to the manual on bank […]
The “liquidity” booklet of the national bank regulator’s handbook has been updated, reflecting risks associated with liquidity and changes in regulations since the booklet was last updated, among other things, the regulator said Thursday. According […]
Three bankers from Wisconsin, the District of Columbia and Georgia are joining a subcommittee on minority depository institutions for the federal bank deposit insurance agency, it was announced Thursday. The Federal Deposit Insurance Corp. (FDIC) […]
Revenue from overdraft and non-sufficient funds (NSF) fees for banks and other financial institutions was down by nearly half in the last quarter of last year compared to pre-pandemic levels, the federal consumer financial protection […]
Higher prices have negatively affected most households and overall financial well-being in 2022 declined over the prior year, though workers continued to benefit from a strong labor market, according to a report issued Monday by […]
A proposed rule that would spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits is out for comment until July 21, according to a notice in Monday’s Federal Register. […]
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