Six credit unions will pay just more than $5,000 in civil money penalties (CMPs) for filing late call reports for the end of 2018, according to agreements the credit unions reached with their federal regulator. […]
An updated list of jurisdictions with strategic anti-money laundering (AML) and combatting financing of terrorism (CFT) deficiencies – which may affect financial institutions’ risk-based approaches and obligations – is available from the Treasury’s arm for […]
All banks and thrifts with assets less than $5 billion at the end of last month should file the same call report form that they filed at the end of March, the federal banking agencies […]
About 40 organizations that serve “economically vulnerable” populations are being sought by the federal consumer financial protection agency in an effort to help the organizations introduce financial capability topics to the people that the serve. […]
Loans that solely finance the development of land for residential properties – unless they qualify for another exemption – would meet the latest definition of high volatility commercial real estate (HVCRE) for purposes of capital […]
A one-year waiver from appraiser credentialing requirements – with an option for continuing the waiver a second year – was approved for North Dakota earlier this week, in a nod to the state’s continuing shortage […]
Current issues affecting community banking will be the topics when the Federal Deposit Insurance Corp.’s (FDIC) advisory committee on community banking convenes July 30 in Washington. The 18-member committee, established in 2009, advises the FDIC […]
A former Consumer Financial Protection Bureau (CFPB) congressional liaison is now the top staff aide to the newest member of the NCUA Board, the agency announced Friday. Catherine Galicia is now senior policy counsel to […]
Low spreads on corporate credit and risky corporate debt “at historic highs” suggest growing financial imbalances that should be addressed by a variety of means – including more rigorous use of stress tests and active […]
Steps to protect staff, and security of operations, are being advised for credit unions in the path of Tropical Storm Barry as it heads toward the Gulf Coast states, the National Credit Union Administration (NCUA) […]
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