Two-thirds of actively used credit card accounts carry a revolving balance, with balances revolved continuously for about 10 months, according to a “Data Point” report issued by the research unit of the Consumer Financial Protection […]
Of the 91 banks assigned Community Reinvestment Act (CRA) evaluation ratings by their federal regulator in April, two were rated “needs to improve” while four were rated “outstanding,” according to information released Wednesday by the […]
A new Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues is being formed by the Federal Reserve Board under requirement of last year’s regulatory relief law, and the Fed is seeking […]
Five of the 23 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in June were deemed “outstanding” by their federal regulator for their efforts under the anti-redlining law, with the remaining 18 deemed […]
A final rule bestowing added authorities on the Federal Reserve Banks to approve certain types of applications, notices and requests is slated to take effect Wednesday, according to a Federal Reserve Board notice of final […]
Revised or new information regarding appeals of material supervisory determinations, Home Mortgage Disclosure Act (HMDA) exam procedures, SOURCE violation codes, and more are included in June 2019 updates to the manual that bank examiners use […]
A measurement used to ensure that no financial company through merger or consolidation acquires more than 10% of the aggregate financial sector liabilities was set at $20,664,262,842,000 for the period from July 1, 2019, through […]
A bulletin that explains to federal savings associations (FSAs) the ins and outs of becoming “covered” savings institutions that may engage in national bank powers – an option created by last year’s regulatory relief statute […]
Two small banks – one of which is being required to train its staff on information and cyber security awareness – are among the institutions and individuals cited in the 11 enforcement actions announced Friday […]
None of the 18 banks whose capital plans are subject to the Federal Reserve’s comprehensive capital analysis and review (CCAR) received objections this year, but the Fed issued a “conditional non-objection” for Credit Suisse and […]
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