A regulatory alert that gives credit unions an overview of final remittance rule changes adopted in May, and set to take effect July 21, was issued Wednesday by the institutions’ federal regulator. The final rule, […]
Mortgage data collected from seven national banks with large mortgage-servicing portfolios shows that 96.5% of first-lien residential mortgage loans serviced there remained current in the first quarter, up slightly from a year earlier (96.2%). These […]
The chief executive officer of consulting firm Cash Flow Partners LLC last week pleaded guilty to one count of conspiracy to commit bank fraud and one count of securities fraud in a multi-million dollar scheme […]
Updates to its Secondary Market Corporate Credit Facility (SMCCF), established in March to support credit to employers by providing liquidity to the market for outstanding corporate bonds, were announced Monday by the Federal Reserve Board. […]
The first batch of quarterly bank data since the declaration of the global health pandemic (the novel coronavirus, or COVID-19) is slated for release next week, which also brings – among other things – Federal Reserve […]
The $46.4 million-assets Southern Pine Credit Union in Valdosta, Ga., was placed into conservatorship Thursday by the National Credit Union Administration (NCUA) in consultation with the Georgia Department of Banking and Finance, the federal credit […]
An online guide communities can use to form networks to fight elder fraud, or grow or enhance existing ones, was released Wednesday by the Consumer Financial Protection Bureau (CFPB). The “Elder Fraud Prevention and Response […]
A final rule that clarifies accounting requirements and makes it easier for federal savings associations (FSAs) to convert from mutual to stock form was approved Tuesday by the Office of the Comptroller of the Currency […]
A report on the federal bank deposit insurer’s efforts to promote minority depository institutions (MDIs) throughout 2019 shows there were 144 federally insured MDIs – down by a net four institutions from the previous year […]
– UPDATE: 2020 stress test results out; share buybacks prohibited, dividends capped for 3rd quarter; see story – Results from 34 big banking firms’ Dodd-Frank Act stress tests and from the related comprehensive capital analysis […]
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