Six of the 65 banks that received their Community Reinvestment Act (CRA) evaluation ratings in March were rated “needs to improve,” while another were deemed to be “outstanding,” the Federal Deposit Insurance Corp. (FDIC) reported […]
Of the 21 banks whose anti-redlining evaluation ratings were made public in May, seven were rated “outstanding” and one was rated “needs to improve,” according to data released Friday by the Office of the Comptroller […]
The four small federal credit unions liquidated during the period covered by their regulator’s most recent inspector general report to Congress were closed for reasons including loan and share account manipulation, failure to address Bank […]
The federal fund that insures credit union members’ shares (deposits) is expected to dip to 1.25% by June 30, down from the fund’s 1.3% ratio at year-end 2022, according to information released Thursday by the […]
Federal credit unions would be authorized to contribute to qualified war veterans organizations through the use of charitable donation accounts (CDAs) under proposed rule issued Thursday by the National Credit Union Administration (NCUA) Board. The […]
A proposed rule that would spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits is out for comment until July 21, according to a notice in Monday’s Federal Register. […]
The panel that advises the Federal Deposit Insurance Corp. (FDIC) on ways to expand access to banking services for underserved populations is slated to meet Wednesday from 9 a.m. to 4 p.m. Eastern. During the […]
An amendment made to the member business loan rule issued by the state of Wisconsin was deemed acceptable for federally insured credit unions last week by the National Credit Union Administration (NCUA) Board. The board […]
Title: Special Assessments Pursuant to Systemic Risk Determination Subject: Special deposit insurance assessment Agency: FDIC Status: Proposed rule Summary: The FDIC is seeking comment on a proposed rule that would impose special assessments to […]
Host state loan-to-deposit (LTD) ratios were issued jointly Friday by the Federal Reserve, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller of the Currency (OCC) in connection with a 1994 statute barring banks […]
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