Illegal overdraft practices are at the center of a consent order announced Thursday that requires Atlanta Union Bank (AUB), a subsidiary of Atlantic Union Bankshares Corporation (Richmond, Va.), to pay $5 million in redress to […]
The Community Reinvestment Act (CRA) evaluation schedules for the two top banking regulators show 567 banks slated for such reviews over the first two quarters of 2024. The schedules, released last week by the Federal […]
A 2024 schedule of free, virtual workshops for bank directors, senior management and other key executives was released Monday by the Office of the Comptroller of the Currency (OCC). Workshops are examiner-led, the OCC said. […]
Public comments on proposed guidelines on corporate governance and risk management for insured depository institutions with total consolidated assets of $10 billion or more are now due Feb. 9 under an extension published in the […]
Of the 45 ratings it gave to banks under the federal anti-redlining law in September, three of those were ratings of “outstanding” and two were “needs to improve,” the Federal Deposit Insurance Corp. (FDIC) shows […]
Of the 42 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in November, 13 of them – nearly one-third of the total – received ratings of “outstanding,” the Office of the Comptroller of […]
Look for two new faces during next week’s meeting of the Federal Deposit Insurance Corp. (FDIC) Systemic Resolution Advisory Committee: Jon Cunliffe and Elke Koenig. The two additions to the advisory committee were announced in […]
A semiannual report covering the period of April 1 through Sept. 30 of this year shows a half-dozen inspector general audits in progress at the National Credit Union Administration (NCUA) and a handful of “significant” […]
An independent audit of the federal credit union regulatory agency’s schedule of investments and other taxes and receipts as of Sept. 30, 2023, presents information fairly under generally accepted accounting principles (GAAP), according to a […]
The creation of a special committee to oversee an independent review of workplace culture at the Federal Deposit Insurance Corp. (FDIC) amid ongoing reporting on past allegations of sexual harassment and other misconduct at the […]
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