Total originated home loans fell by about 12.4% (or more than 1 million) in 2017 from the previous year, according to mortgage lending transactions data released Monday by federal financial institution regulators. The Federal Financial […]
New technologies offer potential benefits to both banks and their customers – but can also lead to additional challenges, including those related to privacy and data security, the chairman of the federal deposit insurance agency […]
Defending recent proposals to “recalibrate” capital for large banks, the Federal Reserve’s top supervisory official said Friday that the proposed rules will play a key role in helping the central bank accomplish its dual roles […]
Extending repayment terms, restructuring existing loans, or easing terms for new loans are among the recommendations the Federal Deposit Insurance Corp. (FDIC) is making to banks in areas of Alabama affected by severe storms in […]
Benefits to a credit union being designated a community development financial institution (CDFI) will be explored in a May 16 webinar hosted by the federal regulator of the financial cooperatives. The one-hour event, sponsored by […]
The implementation of the new “current expected credit losses” (CECL) accounting standard – beginning as early as the end of this year – is spurring federal banking agencies to gear up, including by sponsoring a national […]
Four financial institutions received “outstanding” ratings for their compliance with Community Reinvestment Act (CRA) regulations in February, the federal deposit insurer said Friday, out of a total of 72 bank ratings released. Only one bank […]
Bucking its recent tradition of holding no meetings during the dog days of August, the National Credit Union Administration (NCUA) Board has rejiggered its schedule – and moved its July meeting to August. In a […]
State banking regulators declared neither victory nor conceded defeat in the wake of a federal court’s dismissal of their lawsuit against the federal regulator of banks’ proposal to issue a “fintech” charter. Monday, the U.S. District Court […]
A former credit union employee has been prohibited from participating in the affairs of any federally insured financial institution, the federal regulator of credit unions said, after having served a prison sentence and supervised release. […]
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