Three persons were prohibited by the federal credit union regulator in March from further service in a federally insured financial institution, the agency said Friday. According to the National Credit Union Administration (NCUA), the three […]
Nearly half of all agency “reportable contracting dollars” in 2023 went to minority- or women-owned businesses, and nearly half of contract payments went to those vendors, according to a report to Congress published Thursday by […]
Remittance transfer providers that issue false advertising about the cost or speed of sending a remittance transfer can violate federal law, the federal consumer financial protection agency reminded in a circular issued Wednesday. The Consumer […]
Trading revenue was down by $2 billion in 2023, or 20.4%, from the year before at banks and savings associations, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) […]
Total assets dropped by $700 billion at the Federal Reserve Banks in 2023, according to annual audited financial statements issued by the Federal Reserve Tuesday, representing a decrease of 11.76% from the previous year. According […]
Increasing tech capacity – including by hiring more technologists – to help enforce laws and design remedies for consumers and others is the aim of a joint regulatory statement issued Tuesday. The Consumer Financial Protection […]
Using fairness as an “input” to help guide banks’ compliance risk management programs was advocated by the regulator of national banks in a speech Monday. Speaking to the Consumer Bankers Association in Washington, Acting Comptroller […]
Final rules on member expulsion and proposed rules on field of membership and trust accounts are two actions from last year highlighted by the federal credit union regulator in its 2023 annual report, released Monday. […]
A third-party review of the workplace culture for the federal bank deposit insurance agency will be overseen by three non-voting members who were named Friday, the agency announced. Linda Miller, Elizabeth McCaul and Valerie Mosley […]
Modifications to terminology related to the current expected credit losses (CECL) accounting methodology are reflected in changes to the Uniform Bank Performance Report (UBPR) filed by banks and credit unions for the first quarter, the […]
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