The implementation of the new “current expected credit losses” (CECL) accounting standard – beginning as early as the end of this year – is spurring federal banking agencies to gear up, including by sponsoring a national […]
Four financial institutions received “outstanding” ratings for their compliance with Community Reinvestment Act (CRA) regulations in February, the federal deposit insurer said Friday, out of a total of 72 bank ratings released. Only one bank […]
The federal agency that insures bank deposits says it intends to terminate the receiverships for Excel Bank of Sedalia, Mo., Alliance Bank of Culver City, Calif., and First United Bank of Crete, Ill. The Federal […]
Bucking its recent tradition of holding no meetings during the dog days of August, the National Credit Union Administration (NCUA) Board has rejiggered its schedule – and moved its July meeting to August. In a […]
An inspector general report on Federal Deposit Insurance Corp. (FDIC) consumer complaint processing found the agency “substantially complied” with key program equirements, but required information was omitted from recommendation memoranda in some cases while in […]
A resolution passed last month by the Senate to repeal 2013 guidance – now deemed a rule – on indirect auto lenders’ compliance with federal fair lending requirements appears to be headed for House action […]
Those interested can still send their comments to the Consumer Financial Protection Bureau (CFPB) Academic Research Council on the bureau’s methodology and direction for consumer finance research. The council held a public meeting today, but […]
A bulletin on a recent final rule raising the commercial real estate (CRE) appraisal threshold from $250,000 to $500,000 was issued Wednesday by the Office of the Comptroller of the Currency (OCC). The OCC bulletin […]
State banking regulators declared neither victory nor conceded defeat in the wake of a federal court’s dismissal of their lawsuit against the federal regulator of banks’ proposal to issue a “fintech” charter. Monday, the U.S. District Court […]
A former credit union employee has been prohibited from participating in the affairs of any federally insured financial institution, the federal regulator of credit unions said, after having served a prison sentence and supervised release. […]
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