The $8 million-in-assets Richmond City Employees Federal Credit Union, Richmond, Ind., was placed in conservatorship Monday by the federal regulator of credit unions, the agency said in a release. The National Credit Union Administration (NCUA), […]
Final action on the federal bank deposit insurer’s 2023 operating budget and, among other things, changes in the agency’s guidelines for appeals of material supervisory determinations are slated for Tuesday’s open board meeting. The Federal […]
Nonbank financial firms that become subject to local, state, or federal consumer financial protection agency or court orders under laws enforceable by the federal Consumer Financial Protection Bureau (CFPB) would be required to register with […]
Third-quarter data show that federally insured credit unions (FICUs) grew loans $235 billion (19.2%) to a total of $1.46 trillion, and shares and deposits $89 billion (5.6%) to $1.69 trillion, over the 12-month period ending […]
Action on a proposed 8.1% increase in the agency’s budget for 2023 (and 10% for 2024) and a proposed “financial innovation” rule for credit unions is slated during the Dec. 15 open meeting of the […]
The federal agency charged with consumer financial protection says it does not plan to carry out enforcement actions related to a now 25-loan threshold for reporting closed-end mortgage loans under the Home Mortgage Disclosure Act […]
Large banking organizations with more than $100 billion in assets are the focus of a set of principles proposed by the Federal Reserve Friday that address the physical and transition risks associated with climate change, […]
A total of 177 banks are scheduled to receive Community Reinvestment Act (CRA) evaluations by the Office of the Comptroller of the Currency (OCC) during the first and second quarters of 2023, according to the […]
Five of the 52 banks receiving their Community Reinvestment Act (CRA) ratings this September were found to be “outstanding” for their compliance with the anti-redlining statute, according to results released Friday by the Federal Deposit […]
The November updates to portions of its Consumer Compliance Examination Manual (CEM) were announced Thursday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said the CEM provides supervisory information regarding consumer […]
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