An Arkansas bank was ordered to pay a civil money penalty (CMP) of nearly $130,000 in October for its part in allegedly misrepresenting refinancing loans to veterans, according to enforcement actions for that month released […]
More than 4,800 banks and banking firms – holding just under $43 trillion in assets – were under the supervision of the Federal Reserve as of mid-year, according to the latest supervision and regulation report […]
Banks generally may not make passive equity investments in venture capital funds, and this may be the case even if the fund qualifies for a Volcker rule exclusion, according to a bulletin Tuesday from the […]
A federal credit union (FCU) this month won a reversal of its federal examiner’s assignment of a CAMEL code 3 examination rating, with an upgrade to a CAMEL 2, through an appeal to the National […]
An interpretive letter aimed at clarifying the prior requirements for national banks and federal savings associations interested in engaging in certain cryptocurrency, distributed ledger, and stablecoin activities was released Tuesday by the Office of the […]
A so-called roadmap for providing greater public clarity throughout 2022 on issues surrounding banking institutions’ involvement in crypto-assets was released as part of a joint statement Tuesday by federal banking agencies. “As supervised institutions seek […]
Two of four key data elements were found “unreliable” in the federal bank deposit insurance agency’s system that is supposed to be error-free and that supports the agency’s supervision and insurance responsibilities, the agency’s inspector […]
A voluntary assessment of its Home Mortgage Disclosure Act (HMDA) rule – covering everything from the 2015 rule through last year’s revisions – is being undertaken by the Consumer Financial Protection Bureau (CFPB), which is […]
Version 2021 of the calendar year 2021 Community Reinvestment Act (CRA) data entry software (DES) for data due March 1 of next year is now available, the Federal Financial Institutions Examination Council (FFIEC) said Monday. […]
Jerome Powell and Lael Brainard’s remarks upon being designated the president’s nominees for Federal Reserve chair and vice chair highlighted numerous priorities ahead that include, among others, reining in inflation. “We know that high inflation […]
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