Four “needs to improve,” two “outstanding,” and 58 “satisfactory” Community Reinvestment Act (CRA) evaluation ratings for banks were disclosed in a release Monday by the Federal Deposit Insurance Corp. (FDIC). The FDIC said these ratings […]
First-quarter trading revenue totaled $15.6 billion in the first quarter for U.S. commercial banks and savings associations, up 34.2%, from the previous quarter but down 11.1% from the same period one year ago, according to […]
Of the residential mortgage loans included in the national bank regulator’s June mortgage metrics report, 97.4% were current and performing at the end of the first quarter – up 0.2% from the fourth quarter of […]
Two new independent offices have been created within the federal bank deposit insurance agency to address claims of sexual harassment, discrimination, other forms of interpersonal misconduct, and claims of retaliation, the agency announced Friday. The […]
The federal bank deposit insurer announced dual actions Friday which allow the creation and federal deposit insurance coverage for a new industrial bank in Salt Lake City, Utah, and the merger into that new bank […]
Wondering if you still have time? You do: Eighteen days (after today) remain of the public comment period for the Federal Reserve’s proposal to expand the Fedwire Funds Service and the National Settlement Service (NSS) […]
An Atlanta, Ga.-based credit union that was conserved by the federal credit union regulatory agency Friday showed a nearly $150,000 net loss just in the first quarter and losses of more than half that amount […]
Credit unions are being encouraged to participate in a survey by the Department of Homeland Security’s Cybersecurity and Infrastructure Agency (CISA) that seeks to identify what types of CISA services best meet their needs for […]
A self-initiated review of the federal credit union regulator’s Bank Secrecy Act (BSA) program produced four recommendations by the agency’s inspector general for improving parts of its examination tool, its process of reporting to Treasury’s […]
A proposal to remove a regulatory exception that allows creditors to obtain and use medical debt information for credit eligibility decisions was issued for comment Tuesday by the federal consumer financial protection agency. The proposal […]
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