A final rule aimed at limiting the “interconnectedness” of large banking organizations approved by federal banking regulators is set to take effect April 1. Published Wednesday in the Federal Register, the final rule revises the […]
Revisions in the agency’s chartering and field of membership manual in recent years are reflected in revised guidance and templates issued Wednesday in a Letter to Federal Credit Unions from the National Credit Union Administration […]
The head of the agency that charters national banks and thrifts on Wednesday welcomed a task force report from the consumer financial protection agency for “endorsing” the need for federal charters for financial technology – […]
Federal credit unions’ (FCUs) operating fees and all federally insured credit unions’ (FICUs’) 1% share insurance deposit adjustments will be invoiced in March and due to be paid no later than April 15, the National […]
A consent order citing deceptive acts or practices related to balance transfer credit cards offered through third parties by Mid America Bank & Trust Company in Dixon, Mo., was terminated Tuesday by the Federal Reserve […]
The $4.5 million-in-assets, 785-member C O Federal Credit Union of Charleston, S.C., has been placed in conservatorship because of unsafe and unsound practices, the National Credit Union Administration (NCUA) announced late Monday. The agency said […]
Eight of the 58 banks recently evaluated for compliance with the anti-redlining Community Reinvestmet Act (CRA) were deemed ‘outstanding,’ with the rest receiving ‘satisfactory’ ratings, according to data released by the Federal Deposit Insurance Corp. […]
The federal consumer financial protection agency on Tuesday reminded that mortgage lenders are due to file their mortgage loan/application registers (LARs) with federal regulators by March 1. The registers, containing Home Mortgage Disclosure Act (HMDA, […]
Standards for determining the permissibility of a bank or federal savings association (FSA) acquiring and holding real estate used as its premises (FSA), and leasing excess space or capacity, would be defined and incorporated in […]
A final rule that updates or eliminates outdated regulatory requirements that “no longer reflect the modern financial system,” incorporates or codifies agency interpretations, and more is set to take effect April 1, the Office of […]
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