Questions about the new credit losses accounting standard, which introduces the current expected credit losses (CECL) methodology that have been brought up by bankers will be addressed in a July 30 webinar sponsored by the […]
The federal regulator of credit unions has about $2 million in grant money available for “low-income” credit unions through its revolving loan fund. The application period opens July 1 and closes Aug. 18. Before applying, […]
Two former bank employees – one charged with embezzlement at a Massachusetts bank, another charged with misappropriating at least $562,000 from a Tennessee institution – have been prohibited from future involvement in financial institutions, the […]
The ninth “request for information” (RFI) by the federal consumer financial protection agency generated only 38 comments, as of midnight Monday, the second-fewest produced in one request so far in the program by the agency […]
A hearing previously scheduled for June 27, addressing a fintech protection bill and other measures, has been postponed “to a date and time to be announced later,” the House Financial Services Committee said late Monday. […]
All six requirements outlined in two statutes for complying with the federal Freedom of Information Act (FOIA) requests have been fully met by the federal bank deposit insurance agency – one of only three agencies […]
The three federal banking agencies on Monday released their 2018 list of geographic areas designated as “distressed,” “underserved” or both, and thus eligible for Community Reinvestment Act (CRA) consideration in banks’ CRA evaluations under the […]
A discussion of “current issues affecting community banking” will be considered by the advisory committee for that segment of the industry to the federal bank deposit insurance agency at a meeting scheduled for July 11. […]
The coming week brings deadlines for comment on a bank leverage capital ratio proposal, the consumer bureau’s inherited regulations “request for information,” a House panel hearing on financial industry “de-risking” and a speech from the […]
An eight-year-old enforcement action against a South Carolina bank holding company has been terminated by the Federal Reserve, the central bank said Friday. First South Bancorp of Spartanburg, S.C., entered into an agreement with the […]
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