Partial exemptions for some financial institutions from certain Home Mortgage Disclosure Act (HMDA) requirements resulting from regulatory relief legislation enacted in May are outlined in a joint statement issued Thursday by federal financial institution regulators. […]
Five state nonmember banks out of 73 evaluated in April for compliance with the Community Reinvestment Act (CRA) received ratings of “outstanding,” the Federal Deposit Insurance Corp. (FDIC) said Thursday. No bank received a rating […]
Recent legislation, regulatory burden reduction initiatives, and information on community bank research – as well as opening and closing remarks from the current chairman and former chairman of the federal deposit insurer – are all […]
Banks in Hawaii are urged to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by severe weather in the state, where a federal disaster declaration was amended June 27 for […]
A new message format that could potentially provide “richer payment message data” than the current format used by the Fedwire Funds Service is being proposed by the Federal Reserve. Under the proposal, the change would […]
Forty-five comments on its request for information (RFI) about “Guidance and Implementation Support” were received by the federal consumer financial protection agency as of the close of the comment period Monday, according to tallies provided […]
Fourteen large banking firms received an extra year to file their living wills to allow more time for the federal banking agencies to provide feedback on the companies’ last submissions, and for the companies to […]
Louisville Metro Police Officers Credit Union of Louisville, Ky., became the third federally insured credit union of 2018 to be liquidated Friday, following actions earlier this year against credit unions in New Jersey and Illinois. […]
A 2018-19 cap of $20.3 trillion has been adopted by the Federal Reserve for use in limiting the consolidation of large banks and other financial companies, the central bank said in a release Friday. In […]
One of the nation’s largest banks must pay $335 million in restitution for failing to reevaluate and reduce the annual percentage rates (APRs) for approximately 1.75 million consumer credit card accounts, the federal consumer financial […]
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