A final policy statement on commercial real estate loan accommodations and workouts, designed to reinforce and build on existing supervisory guidance, was released June 29 by federal banking and credit union regulators. The policy statement, […]
Eight banks earned ratings of “outstanding” for their compliance with rules implementing anti-redlining laws, two federal banking agencies said Monday. However, those agencies also reported three banks “need to improve” their compliance with rules implementing […]
Slightly more mortgages were performing among national banks in the first quarter of this year compared to the end of 2022, their federal regulator said June 27. According to the Office of the Comptroller of […]
Nearly 60 “early adopters” of the new “FedNow” service were certified June 29 by the Federal Reserve, the agency said, after completing formal testing and certification in advance of the service’s debut set for late […]
All 23 large banks subject to annual stress testing passed the evaluation, the Federal Reserve said June 28 in reporting the 2023 results. According to the Fed, this year’s test (administered earlier this year) included […]
Mark your 2024 calendars for meetings of the Federal Reserve’s interest rate-setting committee, which can be done now that the agency has released the official schedule of the confabs for next year. (It also includes […]
The 2023 list of distressed or underserved nonmetropolitan middle-income geographies – which assists banks in determining where revitalization or stabilization activities are eligible to receive anti-redlining consideration – was released Friday by the federal banking […]
The federal banking agencies will issue “in the near term” a notice of proposed rulemaking on changes to the U.S bank capital framework to consider how best to incorporate the finalization of Basel III, the […]
The asset threshold would be raised to $2 million for exempting credit unions from paying annual operating fees to their federal regulator under a proposal issued by the agency board Wednesday. Released with the unanimous […]
Many of the COVID-19 related guidance points for credit unions were rescinded Thursday by their federal regulator, which noted the cessation of the federal government’s public health emergency declaration in early April. The National Credit […]
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