Four banks received “outstanding” ratings in December for compliance with rules implementing anti-redlining laws, the federal bank deposit insurance agency said Tuesday. The Federal Deposit Insurance Corp. (FDIC) released results of compliance with Community Reinvestment […]
Credit unions’ federal regulator is ending its one-year-old requirement that credit unions with more than $1 billion in assets report their year-to-date overdraft and non-sufficient fund (NSF) fee income, the agency says. The National Credit […]
Ten banks earned anti-redlining scores of “outstanding” – out of 26 total banks evaluated – and none earned anything less than “satisfactory,” according to ratings issued Monday by the national bank regulator. The Office of […]
A representative picture of what Americans own—from houses and cars to stocks and bonds—how and how much they borrow, and how they bank, as well as their feelings about their economic situation and that of […]
A total of 564 banks are scheduled to receive evaluations of their performance under the anti-redlining Community Reinvestment Act (CRA) over the second and third quarters of this year, according to lists released this week […]
Damage from severe weather in West Virginia and Kentucky has triggered the deployment of regulatory relief from the federal bank deposit insurer. Two Financial Institution Letters (FILs), one Friday and the other Thursday, from the […]
The national bank regulator this week said it has identified, isolated and resolved a security incident affecting an administrative account in the agency’s email system. The incident was reported to the Cybersecurity and Infrastructure Security […]
A former employee of Altana Federal Credit Union in Billings, Mont., is barred from any future work in federally insured financial institutions under a consent prohibition order by the National Credit Union Administration (NCUA). The […]
The federal fund that insures member deposits in credit unions closed 2024 at an equity ratio of 1.3%, 20 basis points higher than projected but 30 basis points less than the fund’s normal operating level […]
Net income of $66.8 billion for the fourth quarter of last year was posted by the nation’s banks, the federal insurer of bank deposits said Tuesday, while also noting that return on assets (ROA) – […]
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