A $9,600 civil money penalty was imposed on Select Bank, Forest, Va., over findings of federal flood insurance law violations, according to a consent order announced Tuesday by the Federal Reserve Board. The order refers […]
Unmodified or “clean” audits of programs managed by the federal credit union regulator – including the $21.4 billion fund that ensures the savings of credit union members – were announced Tuesday by the agency. According […]
Recommendations that the federal regulator of credit unions should implement an enterprise-wide cloud computing strategy and develop and implement associated policies, procedures, and standards are provided in an agency inspector general report posted recently to […]
Exam principles intended to assess valuation discrimination and bias in residential lending are outlined in a statement released Monday by federal financial institution regulators. The Federal Financial Institutions Examination Council (FFIEC) said the principles are […]
A year-end report on the fund that insures deposits (shares) in federally insured credit unions is one of two items slated for discussion Thursday during the open meeting of the National Credit Union Administration (NCUA) […]
A limited liability company and four attorneys have settled an enforcement suit brought by federal regulators in 2014 over a foreclosure relief scam that the consumer financial protection agency said “charged millions of dollars in […]
A review of regulations covering the categories of applications and reporting, powers and activities, and international operations was announced Tuesday by the three federal banking agencies, with comments to be collected for 90 days. The […]
Tighter standards and weaker demand for commercial and industrial (C&I) loans to firms of all sizes over the fourth quarter were reported by bank senior loan officers, according to survey results issued Monday by the […]
Severe storms and flooding in Maine, and the same in West Virginia – plus landslides and mudslides – have spawned dual “regulatory relief” pronouncements for banks in the states Monday by the federal insurer of […]
Fifty-four banks that received their Community Reinvestment Act (CRA) ratings from the Federal Deposit Insurance Corp. (FDIC) in November were rated “satisfactory,” according to data released Friday by the agency. One other bank, Norway Savings […]
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