Transactions by foreign persons for real estate near more than 50 additional military installations in 30 states would be subject to scrutiny by the federal body that oversees foreign investment in the United States, according […]
A 2021 study shows the federal credit union regulatory agency budgeted much fewer examination hours for supervised credit unions than the federal bank deposit insurer did for supervised banks in the periods covered, according to […]
Four “needs to improve,” two “outstanding,” and 58 “satisfactory” Community Reinvestment Act (CRA) evaluation ratings for banks were disclosed in a release Monday by the Federal Deposit Insurance Corp. (FDIC). The FDIC said these ratings […]
Unfair practices in how some banks communicated with consumers about freezes on deposit and prepaid accounts, and limited oversight by financial institutions of medical providers offering payment products, are among concerns recently identified by examiners […]
A La Jolla, Calif., bank and its holding company agreed to pay $63 million in civil money penalties (CMP) for “deficiencies” in monitoring of transactions related to crypto assets in compliance with anti-money laundering (AML) […]
Details on appraisals, willingness to move, and disability accommodations are covered in updated loan-level data released Monday by two federal agencies collected through the National Survey of Mortgage Originations (NSMO). The data also provide, according […]
Financial institutions would be “explicitly” required to adopt anti-money laundering and countering the financing of terrorism (AML/CFT) programs that are effective, risk-based, and reasonably designed under rules proposed Friday by the Treasury’s financial crimes arm. […]
First-quarter trading revenue totaled $15.6 billion in the first quarter for U.S. commercial banks and savings associations, up 34.2%, from the previous quarter but down 11.1% from the same period one year ago, according to […]
Of the residential mortgage loans included in the national bank regulator’s June mortgage metrics report, 97.4% were current and performing at the end of the first quarter – up 0.2% from the fourth quarter of […]
Data collection compliance for small business lending is extended to next year (July 18, 2025) for the highest volume lenders, and to dates in 2026 for moderate and lowest volume lenders, the federal consumer financial […]
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