Of 72 banks rated for Community Reinvestment Act (CRA) performance in January, four were rated “outstanding,” one was rated “needs to improve,” and the rest – 93% of those rated – were deemed “satisfactory,” according […]
Title: Regulatory Capital Treatment for Investments in Certain Unsecured Debt Instruments of Global Systemically Important U.S. Bank Holding Companies, Certain Intermediate Holding Companies, and Global Systemically Important Foreign Banking Organizations Subject: Capital Agency: FDIC, Federal […]
Women and minority employees at the Consumer Financial Protection Bureau (CFPB) were promoted within the organization at higher rates than their representation within the bureau workforce, according to a annual report by the bureau’s Office […]
An institution that calls itself First National Bank, reportedly located on 9th Street in Minneapolis, Minn., is not a national bank even though it presents itself to be one, the Office of the Comptroller of […]
Federal bank and credit union regulators are inviting comments until June 4 on renewal of the FFIEC Cybersecurity Assessment Tool created to assist financial institutions in assessing their inherent cyber risks and risk management capabilities, […]
Michelle Bowman – the current Federal Reserve Board member who is designated as the representative of community banks on the central bank’s leadership panel – would serve a 14-year term beginning Feb. 1, under a […]
A statutorily required review has shown that programs of the federal fund that insures savings in credit unions are not susceptible to significant improper payments, defined as those exceeding 1.5% of program outlays and $10 […]
The federal bank deposit insurer terminated its receiverships of five banks April 1, all of them several months – in one case, more than a year – after its initial notices that it planned to […]
The Federal Reserve Board will accept applications for membership on its Consumer Advisory Council (CAC) from April 8 to May 31 to fill seats due to be vacated at year-end, according to a notice for […]
An audit of information technology equipment inventory by the National Credit Union Administration (NCUA) found that the agency did not adequately monitor, account, and dispose of all its information technology (IT) equipment and that improvements […]
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