Promoting the preservation of minority depository institutions (MDIs) and enhancing communication those banks and the federal insurer of deposits is the focus of a new policy statement issued by the agency Tuesday. In a release, […]
Aligning real estate lending standards with the new community bank leverage ratio (CBLR) rule is the aim of a proposal issued Tuesday by the board of the federal deposit insurance agency. The proposal by the […]
A plan to return the insurance fund that covers bank deposits to a reserve ratio of 1.35% of total savings insured will stay on course, the governing board of the fund said Tuesday, primarily because […]
New rules for credit unions governing their purchases of banks and mitigating the impact of the current expected credit loss (CECL) accounting standard are slated for action as soon as this month by the federal […]
A briefing on the restoration plan for the fund insuring bank deposits is one of two discussion items on the agenda for a meeting next week of the board of the insurance agency. The Federal […]
Fintech as an enhancement for “inclusive consumer banking” is among the agenda topics for a conference scheduled for late this month by the federal insurer of bank deposits. Titled “Fintech: A Bridge to Economic Inclusion” […]
Switching interdealer trading conventions from the current LIBOR to a new alternative rate developed (and promoted) by the Federal Reserve Bank of New York was recommended Tuesday by the federal agency overseeing the commodities markets. […]
Actions taken by the federal credit union regulator in April – extending temporary provisions giving credit unions some regulatory relief from savings surges during the coronavirus crisis – were reinforced by the agency Friday in […]
Changes made during its reorganization have led to a loss of fair lending expertise at the federal consumer financial protection agency, and other actions taken by the agency could lead to reduced transparency and difficulty […]
“Outstanding” was the rating seven of 18 banks received for their anti-redlining performance evaluations that were made public in May, the national bank regulator said Friday; the other 11 banks received “satisfactory” evaluation ratings. The […]
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