Flexibility to provide rehabilitation financing in communities with depressed home values offered in August guidance for national banks and federal savings associations is making “real differences in communities that need reinvestment most,” the acting comptroller […]
Eight banks earned “outstanding” ratings for compliance with Community Reinvestment Act (CRA) requirements, and two banks earned “needs to improve” ratings, the Federal Deposit Insurance Corp. (FDIC) reported Friday. Another 64 banks received “satisfactory” ratings […]
The first $16 million in net transaction accounts will be exempt from Federal Reserve Board reserve requirements, up from $15.5 million in 2017 – an increase of about 3.2% — the Fed announced last week, […]
Additional revisions to streamline financial institution call reports – by removing or consolidating data items, and adding new, or higher, existing reporting thresholds – is being proposed by the three federal banking agencies. According to […]
In nominating Jerome H. “Jay” Powell to be chairman of the Federal Reserve Board, President Donald Trump has selected a candidate who has said – repeatedly and recently – that the mission and structure of […]
The White House issued no statement in conjunction with President Donald Trump Wednesday signing the repeal of the Consumer Financial Protection Bureau’s (CFPB) “arbitration rule” – but the acting comptroller of the currency had plenty […]
The chairman of the House Financial Services Committee, and sponsor of legislation that envisioned sweeping changes to the federal financial institution regulatory scheme – the Financial CHOICE Act (H.R. 10) – will not be returning […]
Federal Home Loan Banks became reliant on short-term funding from money market funds to finance longer-term loans and other assets in the wake of new regulations imposed after the financial crisis, which could make the […]
Five individuals – including one sentenced to a five-year prison term and restitution order of more than $400,000 — are prohibited from participating in the affairs of any federally insured financial institution, the National Credit […]
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