Of the 55 banks receiving their Community Reinvestment Act (CRA) evaluations ratings in July, 48 were rated “satisfactory,” according to the federal bank deposit insurer. The remaining seven were assigned “outstanding,” “needs to improve,” or […]
About half of all U.S. banks were using or considering using financial technology in their small business lending process, according to a report issued Wednesday by the federal insurer of bank deposits. However, the report […]
Federal financial institution regulatory agency efforts to assist banks, credit unions and their communities in areas stricken by Hurricane Helene shifted to a consolidated, coordinated approach Wednesday for regulatory relief as the regulators issued joint […]
A proposed rule to strengthen recordkeeping regarding deposits placed in insured depository institutions by third-party firms is out for comment until Dec. 2, according to a Federal Register notice Wednesday. The Federal Deposit Insurance Corp. […]
Allowances for credit losses (and credit itself), cybersecurity, and Bank Secrecy Act/anti-money laundering (BSA/AML)/countering the financing of terrorism (CFT) are among the priorities outlined for supervision in 2025 in a plan released Tuesday by the […]
Debt collectors, which may include third-party “revenue cycle management” companies, violate federal law when they collect on inaccurate or legally invalid medical debts, according to guidance released Tuesday by the federal consumer financial protection agency. […]
Banks in areas of Florida, Georgia, North Carolina, and South Carolina ravaged by high winds and flooding caused by Hurricane Helene were Tuesday offered regulatory relief to help them help their communities recover. The Federal […]
Banks’ evaluation ratings under the federal anti-redlining statute included six “outstanding” and 16 “satisfactory” ratings, the national bank regulator said of the ratings that became public in September. The Office of the Comptroller of the […]
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