Americans, on average, saw an increase in their financial well-being between 2017 and 2020 – likely aided by the government’s COVID-19 response offering varying types of financial and economic assistance – but most of those […]
Title: No-Action Letter Process Subject: BSA/AML/CFT Agency: FinCEN Status: Advance notice of proposed rulemaking Summary: FinCEN is issuing this advance notice of proposed rulemaking (ANPRM) to solicit public comment on questions relating to the implementation […]
Public comments are sought by Aug. 5 on questions about a possible no-action letter process related to financial institutions’ compliance with anti-money laundering/countering the finance of terrorism (AML/CFT) requirements, according to a release Friday by […]
Title: False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Subject: Misrepresentation of insured status Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation is adopting a final […]
An Office of Inspector General (OIG) review of the federal credit union regulatory agency’s 2021 compliance under the 2019 Payment Integrity Information Act (PIIA) showed the agency had no programs susceptible to “significant improper payments,” […]
Three of the 29 banks whose Community Reinvestment Act (CRA) evaluations ratings became public in May were rated “outstanding” by their federal regulator, the agency reported Wednesday. The Office of the Comptroller of the Currency […]
A total of 335 insured banks and thrifts are included on the anti-redlining Community Reinvestment Act (CRA) evaluation schedules of the federal bank deposit insurer from July 1 through Dec. 31, the agency said in […]
A workshop for directors, senior management team members and other key executives of national community banks and federal savings associations is slated June 28-29 in Dallas by the national bank regulator. The Office of the Comptroller […]
Prohibition and a civil money penalty of $140,000 is sought against a bookkeeper who allegedly misappropriated some $181,000 from bank customer accounts over about three years, according to an April notice of intent released Friday […]
The federal fund that insures shares (savings) in credit unions closed 2021 at an equity ratio (reserves to insured shares) of 1.26% and is expected to dip slightly to 1.25% by June 30, agency staff […]
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