Credit unions posted solid financial results for 2021 with return on average assets (ROAA) and net worth both exceeding the numbers posted the previous year, the federal credit union regulator said Monday. In releasing fourth-quarter […]
Five banks earned “outstanding” Community Reinvestment Act (CRA) ratings – but one bank earned a “needs improvement” score – in evaluation ratings issued Friday by the federal insurer of bank deposits. The Federal Deposit Insurance Corp. […]
More sanctions on Russian elites and their family members, blocking of certain properties held by them (including yachts and aircraft), and sanctioning of Russian intelligence-directed disinformation outlets were announced Thursday by the Treasury Department’s Office […]
Overall economic outlook over the next six months for business contacts remained stable and generally optimistic in the Federal Reserve’s latest survey, although an “elevated degree of uncertainty” was also highlighted, the agency said Wednesday. […]
Deficiencies in the supply chain risk management (SCRM) activity at the federal insurer of bank deposits – including that the agency failed to identify and list known risks to its chain – are outlined in […]
The implications for the U.S. economy are “highly uncertain” in the wake of the Russian attack on Ukraine, the leader of the Federal Reserve Board said Wednesday, although he also pledged that the agency would […]
A $43 million, Georgia credit union will soon be back in the hands of its members after being conserved about two years ago, its federal regulator said Tuesday. Southern Pine Credit Union of Valdosta, Ga., […]
Three broad steps meant to combat “coercive” credit reporting to obtain payments on medical debt will be taken by the federal consumer financial protection agency, its director said Tuesday. Consumer Financial Protection Bureau (CFPB) Director […]
Comments on a new framework for a “transparent and consistent” set of factors for considering requests to Federal Reserve accounts and payment services from banks and non-banks alike are being sought by the agency, it […]
Banks’ net operating income was up nearly 90% in 2021 from the previous year, the federal insurer of bank deposits said Tuesday, as the institutions reported $279.1 billion in the income category at year’s end. […]
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