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 […]
A 30-day comment period is underway for proposed revisions to the national bank regulator’s recovery planning guidelines for certain large national banks and their branches, the regulator said June 24. Comments are due Aug. 2, […]
Weaknesses related to derivative portfolios were identified in the “living wills” of four of the largest banks in the nation, with one of the banks having a “deficiency,” federal banking regulators said Friday, following the […]
Two new independent offices have been created within the federal bank deposit insurance agency to address claims of sexual harassment, discrimination, other forms of interpersonal misconduct, and claims of retaliation, the agency announced Friday. The […]
The federal bank deposit insurer announced dual actions Friday which allow the creation and federal deposit insurance coverage for a new industrial bank in Salt Lake City, Utah, and the merger into that new bank […]
A proposal to expand the operating days of the Federal Reserve Banks’ Fedwire Funds Service and the National Settlement Service (NSS), to include weekends and holidays, will now be open to comments until Sept. 6, […]
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