Interest rates paid to banks are reduced by 25 basis points for reserve balance requirements and excess balances under a final rule by the Federal Reserve, according to a notice filed with the Federal Register […]
Effective regulation, a forward-looking approach to innovation, and financial inclusion to better serve a changing population and economy are the top priorities of the federal credit union regulator, the agency’s board chairman said Friday. National […]
The federal regulator of credit unions is working to update its information technology (IT) examination program to include continued and enhanced “maturity” assessments of credit unions’ cybersecurity programs beyond 2019, according to a recently issued […]
A new chartering proof of concept tool that prospective credit union organizers can use to get the federal regulator’s feedback on how well they satisfy the requirements for chartering a credit union was launched Friday […]
Counterfeit cashier’s checks using the routing number of the National Bank of Blacksburg, Blacksburg, Va. – 051403122 – are being presented for payment nationwide in connection with a variety of online auction and job opportunity […]
A workshop for directors, senior management team members, and other key executives of national community banks and federal savings associations that will focus on board participation is slated Sept. 24-25 in Nashville, the Office of […]
The Federal Reserve’s plan to develop a round-the-clock, real-time payment settlement service – FedNow – is explained in detail in a notice for comment slated for publication in the Federal Register Friday, with a 90-day public […]
Two forms now contained in one vehicle that collect credit unions’ financial and non-financial information would be split into two separate vehicles under a plan proposed by the federal regulator of the financial institutions. The […]
The receiverships of four banks closed in 2010, 2011, and 2017 were terminated Aug. 1 by the Federal Deposit Insurance Corp. (FDIC), the FDIC said in a Federal Registernotice published Wednesday. The agency was charged […]
The one-year waiver from appraiser credentialing requirements approved last month for North Dakota is effective, or “applicable,” as of Wednesday (Aug. 7), according to a notice the same day in the Federal Register. The waiver, […]
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