Data on the performance of first-lien mortgages loans serviced by seven national banks with large mortgage-servicing portfolios shows 97.3% of the loans were current and performing at the end of the third quarter, unchanged from […]
Frequently asked questions (FAQs) are updated about the beneficial ownership information (BOI) requirements with new questions related to the reporting process and other topics, the Treasury’s financial crimes enforcement arm said Tuesday. The BOI requirements […]
A former acting U.S. attorney for the Southern District of New York (SDNY) will lead a team of three lawyers from a New York, N.Y., and Washington, D.C., law firm in conducting a workplace culture […]
Efforts to assess certain large banks’ climate-related risk management are already underway, with the national bank regulator reporting in its fiscal 2023 annual report Monday that it was already conducting “exploratory” reviews. This statement by […]
The 2024-2025 budget of credit unions’ federal regulator, its liquidity facility for credit unions, and budgetary funding mechanisms make up the action agenda for the Dec. 14 meeting of the agency’s board. The National Credit […]
Delinquency rates are up at credit unions as of the end of the third quarter, their federal regulator said late Thursday – while, at the same time, assets, savings and loans all increased, the agency […]
Despite the level of reserves in the fund insuring bank deposits falling relative to the savings covered by the insurance, there will be no change in assessment rates paid by banks, the agency overseeing the […]
Illegal overdraft practices are at the center of a consent order announced Thursday that requires Atlanta Union Bank (AUB), a subsidiary of Atlantic Union Bankshares Corporation (Richmond, Va.), to pay $5 million in redress to […]
Inflation is elevating the threat to financial stability with “multiple indicators” signaling an upcoming economic slowdown, according to a report issued Thursday by the Treasury’s financial research arm. According to the 2023 annual report of […]
Higher interest rates are increasing credit risk to the nation’s banks, including in commercial real estate, the federal regulator of national banks said Thursday, noting that “key performance indicators are beginning to show signs of […]
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