File specifications for 2020 Community Reinvestment Act (CRA) reporting are now available, the umbrella group for federal financial institution regulators said Wednesday. In a release, the Federal Financial Institutions Examination Council (FFIEC) said the file […]
A positive, significant relationship exists between monetary policy shocks (such as those resulting from announcements by the Federal Reserve’s rate-setting committee) and corporate credit risk as measured by credit default swaps (CDS) over the last […]
The results of the second round of stress tests for large banks will be released two weeks from now, the Federal Reserve announced Friday. The agency said the test results will be released at 4:30 […]
Steps the Federal Reserve is taking to help community banks integrate innovation and technology into their operations were outlined by the agency’s board representative of the smaller banks in remarks Friday. Gov. Michelle W. (“Miki”) […]
Convictions reached on multiple counts of bank fraud, guilty pleas by bank executives for stealing from their institutions, and recoveries from individuals who stole from a fund meant to help businesses pay their workers during […]
Economic expansion was no better than modest over the last several weeks, and “optimism has waned” among some business owners and leaders for robust economic growth going into the new year as the coronavirus crisis […]
A Beverly, Mass., debt-settlement and relief firm has violated telemarketing regulations by engaging in abusive and deceptive acts, the federal consumer financial protection agency charged in a lawsuit filed Monday. According to the Consumer Financial […]
An automated model for underwriting and pricing applicants for unsecured, closed-end loans has earned a “no-action letter” (NAL) for a California-based firm that provides an online lending platform, the Consumer Financial Protection Bureau (CFPB) said […]
Five new members were added to the federal consumer financial protection agency’s management team Monday, including a new chief operating officer, the agency announced. In a release, the Consumer Financial Protection Bureau (CFPB) said it […]
Banks reported improved profitability in the third quarter of the year compared with the first half of the year, but their combined net interest margin fell to a record low, the federal insurer of banks […]
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