Despite some banks seeing “sizeable declines” in the fair value of some of their fixed-rate assets because of interest rate increases, the nation’s banks are sound overall, and most banks continue to report capital levels […]
A final rule designed to spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits will be considered by the board of the federal bank deposit insurance agency when it […]
President Joe Biden’s (D) nomination of Tanya Otsuka to be a member of the National Credit Union Administration (NCUA) Board recently moved a step closer toward confirmation. Otsuka’s nomination, along with five others, was approved […]
A pair of keynote speakers for the 2023 Financial Stability Conference set for Nov. 16-17 in Cleveland have been announced, the Federal Reserve Bank (FRB) of Cleveland and the Treasury’s Office of Financial Research (OFR) […]
Fines and redress of nearly $26 million was assessed Wednesday against one of the largest banks in U.S. for discrimination of Armenian Americans, the federal consumer financial protection agency said. According to the Consumer Financial […]
A new federal credit union (FCU) was chartered in Kentucky, its federal regulator said Wednesday, to serve low- and moderate-income communities in the central part of the state. It is the third FCU chartered in […]
Larger nonbank companies that offer digital payment apps and wallets – including Apple Pay and Google Pay – would be subject to the same rules as banks, including examinations, under a rule proposed Tuesday by […]
Public comments on a proposed rule to codify the agency’s interpretive rule on credit unions’ hiring of individuals with a previous minor or older criminal offense are due to the National Credit Union Administration (NCUA) […]
Four credit unions have been awarded grants of $100,000 each from their federal regulator in support of “innovative credit union pilot projects,” the agency said Tuesday. The $400,000 in Community Development Revolving Loan Fund (CDRLF) […]
Noting that she did not support a proposal to raise large bank capital requirements, a member of the Federal Reserve Board said Tuesday she would reserve judgment for her support of a draft final rule, […]
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