Two banks received “outstanding” ratings for compliance with anti-redlining rules, while one received a rating of “significant non-compliance” in recent evaluations by the federal insurer of bank deposits. The Federal Deposit Insurance Corp. (FDIC) said […]
Climate change poses “significant challenges” to the safety and soundness of financial institutions and the stability of the financial sector more broadly, the Federal Reserve said in a statement issued Wednesday. The Fed assertion was […]
Credit unions are encouraged to participate in the free program that helps members address their federal income taxes; credit unions have until Nov. 15 to contact the IRS about their interest in participating, the federal […]
If you live in a Black or Hispanic neighborhood, or are young with a low credit score, you are “far more likely” to have a dispute appear on your credit report, according to new research […]
Credit unions should advance diversity, equity, inclusion, and belonging by embracing those concepts across their institutions – members, employees, and other credit unions, the board chairman for the federal credit union regulator said Tuesday. In […]
Payment stablecoins and their arrangements should be subject to a federal framework on a consistent and comprehensive basis through an act of Congress – including by requiring that stablecoins may only be issued by federally […]
More time has been allowed – two weeks – for minority depository institutions (MDIs) to apply for mentoring grants, the federal credit union regulator said Friday. About $100,000 will be made available to low-income credit […]
Two actions against former credit union workers were taken by their federal regulator in October, the agency said Friday, one for a theft conviction and the other for a charge of causing the institution a […]
A Texas credit union that expects to start operations by year’s end is the third to be chartered in 2021 by the federal credit union regulator, the agency said Wednesday. The National Credit Union Administration […]
Stimulating greater competition in consumer financial markets, sharpening focus on repeat offenders, and restoring “relationship banking” are the “path forward” for the federal consumer financial protection agency, its director told a House committee Wednesday. Appearing […]
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