A financial institutions “regulatory relief” bill that exempts more banks from proprietary trading restrictions, waives certain mortgage lending rules and eases some banks’ stress-test and capital requirements was signed into law by President Donald Trump Thursday […]
The federal regulator of credit unions on Wednesday filed an appeal of a March 29 federal district court ruling vacating two provisions of the agency’s chartering and field-of-membership (FOM) rule. The American Bankers Association (ABA), […]
Federally insured credit unions will receive a $735.7 million “distribution” as early as July, the National Credit Union Administration (NCUA) Board was told Thursday, the result of a dividend from the federal insurance fund that […]
Several provisions for reforming the federal consumer financial protection bureau – and reflecting proposals made by the acting director of the agency this spring – are included in a financial services appropriations bill that is […]
A banking agency bulletin issued Wednesday to encourage banks and savings institutions to provide consumers short-term, small-dollar installment loans – and offering principles and polices to help them do so without running afoul of a federal […]
A “streamlined” application process opens June 4 for low-income federally insured credit unions considering becoming community development financial institutions (CDFIs); the period closes on June 22, the federal credit union regulator said Wednesday. The National […]
Credit unions would get an additional two-year reprieve from federal risk-based capital rules under legislation marked up and reported out by a House committee Tuesday. The House Financial Services Committee voted 53-0 to approve H.R. […]
More American adults were feeling better about their financial situations in 2017 – about three in every four – than in 2013, but significant differences remain across race, ethnicity and education groups, according to a […]
Banks increased net income by more than 27% – $56 billion – in the first quarter of the year compared to the same period last year, the Federal Deposit Insurance Corp. (FDIC) reported Tuesday, but […]
Two former employees of Regions Bank, Birmingham, Ala., have been barred from future participation in the affairs of any federally insured financial institution over improper practices regarding credit origination, the Federal Reserve Board said Tuesday. […]
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