Summary of deposits survey responses – which gauge the level of branch office deposits as of mid-year for banks and savings associations – are due by July 31, the federal insurer of bank deposits said […]
State loan-to-deposit ratios for 2020 are now public, replacing last year’s ratios, to help to determine whether a bank may establish or buy a branch (or branches) without triggering prohibitions on doing so primarily for […]
No error arises under the remittance rule (contained in Regulation E) when funds aren’t delivered on time because of certain government-mandated closures of commercial activity – that is the gist of a set of three […]
Prime institution money market funds sponsored by bank holding companies (BHCs) are essentially different from similar funds not offered by banks because the banking firms can extend “shadow insurance” to their ailing funds, according to […]
A consent order between the consumer financial protection agency and affiliated payday and auto-title lenders working in eight states imposes a judgment of about $3.5 million in consumer redress, but the settlement announced Tuesday provides […]
A time-limited exception has been granted concerning information technology system and general recordkeeping requirements for certain accounts that require data cleanup, system updates, or customer outreach to make a deposit insurance determination under “timely deposit […]
Several sections of the federal bank deposit insurer’s Consumer Compliance Examination Manual (CEM) have been revised, with SOURCE violation code revisions and changes in Community Reinvestment Act (CRA) performance evaluation templates among the changes. The […]
“Abuse of authority and violence against a black man” prompted the chairman of the board for the federal credit union regulator to release a pointed statement Tuesday urging “true inclusion” among regulators, financial institutions and […]
The “stability and orderly functioning of the financial system” is potentially threatened by local orders of mayors and governors, the acting top federal regulator of national banks said Monday. In letters to groups representing state […]
The head of the Federal Deposit Insurance Corp. (FDIC) on Monday issued a statement welcoming the acting head of the Office of the Comptroller of the Currency (OCC) to the FDIC Board, noting she looked […]
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