A proposed rule to limit incentive-based compensation arrangements – first proposed in 2011, modified in 2016 and now coming forward again – will be considered by the federal credit union regulator’s board when it meets […]
An updated, 111-page list of nonmetropolitan middle-income geographies where revitalization or stabilization activities of banks are eligible to receive Community Reinvestment Act (CRA) consideration was released Friday by federal banking agencies. Revitalization or stabilization activities […]
Home loan applications in 2023 were down 30% – from 14.3 million in 2022 to 10 million – according to new home lending data released Thursday. However, the share of home purchase loans to Black, […]
Federally insured banks generally have until July 30 to file their second-quarter consolidated reports of condition and income, or call reports, the federal bank deposit insurer said in a letter released Thursday. The Federal Deposit […]
Penalties of more than $135 million have been levied against the nation’s fourth largest bank for deficiencies in risk management and for failing to follow previous enforcement actions, two federal banking agencies said late Wednesday. […]
Mortgage servicers would be required to focus on helping their mortgage borrowers, and not foreclosing, when a homeowner asks for help under a rule proposed Wednesday by the federal consumer financial protection agency. The proposal […]
Alleged wrongful triggering of auto repossessions, and purported opening of fake bank accounts, has led Tuesday to the federal consumer financial protection agency to seek $20 million in penalties from one of the nation’s largest […]
The deadline is now July 12 for credit unions to apply for 2024 Community Development Revolving Loan Fund (CDRLF) grants, their federal regulator said late Monday announcing the extension. The previous deadline was July 1. […]
The national bank regulator on Tuesday released a notice seeking nominations to its advisory committees on minority depository institution (MDI) and mutual savings association issues and concerns. The Office of the Comptroller of the Currency […]
Transactions by foreign persons for real estate near more than 50 additional military installations in 30 states would be subject to scrutiny by the federal body that oversees foreign investment in the United States, according […]
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