Registration opened Tuesday for participation in a tech sprint aimed at exploring new technologies and techniques to help expand banks’ capabilities to meet the needs of the unbanked, the Federal Deposit Insurance Corp. (FDIC) said. […]
A new federal credit union (FCU) sponsored by a community development financial institution (CDFI) has been chartered to serve the approximately 550,000-person community of Lancaster County in Lancaster, Pa., the National Credit Union Administration (NCUA) […]
The regulator of national banks on Friday released Community Reinvestment Act (CRA) evaluation ratings for 16 banks, calling five of them “outstanding” and 11 “satisfactory” for their efforts to comply with the anti-redlining law. The […]
Of the 53 banks assigned ratings this April for compliance with the anti-redlining Community Reinvestment Act (CRA), three were deemed “outstanding” and the rest “satisfactory,” according to data released Friday. This is based on the […]
An extension to July 30 for the Federal Reserve’s Paycheck Protection Program Liquidity Facility (PPPLF) announced recently is aimed at giving financial institutions added processing time to pledge to the facility any PPP loans that […]
A final rule permitting federally insured credit unions (FICUs) to phase in over three years the day-one adverse effects on net worth of the current-expected-credit-loss (CECL) accounting methodology is set to take effect Aug. 2, […]
An $8,000 civil money penalty was assessed against First Vision Bank, Tullahoma, Tenn., on June 30 over the bank’s pattern or practice of violations of rules (Regulation H) implementing the National Flood Insurance Act (NFIA), […]
A panel that advises the federal bank deposit insurer on policy issues affecting small community banks is set to hold an open meeting July 22 from 1 – 5 p.m. ET, according to a notice […]
Amid soon-expiring COVID-19 pandemic-related protections for renters, the Consumer Financial Protection Bureau (CFPB) on Thursday issued a compliance bulletin reminding landlords, consumer reporting agencies (CRAs), and others of their obligations to accurately report rental and eviction […]
Three former employees of credit unions in Oklahoma, Nevada, and Florida are prohibited from any future service in a federally insured financial institution under actions taken in June by the National Credit Union Administration. The […]
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