An 82-year-old credit union Friday became the fourth nationwide to be liquidated in 2017, the federal regulator of credit unions announced. New York State Employees Federal Credit Union of New York, N.Y., had about $2 […]
The first de novo national bank chartered since the financial crisis of nearly 10 years ago was presented its license to operate Friday by the acting comptroller of the currency personally, who noted the “rare” […]
Two final rules – on regulatory appeals procedures for appealing material supervisory determinations, and on the agency’s committee for supervisory review– and a proposed regulation on capital planning and stress testing, all from the National […]
A final rule on qualified financial contracts (QFCs) by the Federal Deposit Insurance Corp. (FDIC) covering state banks and savings associations for which the agency is the primary federal regulator is set to be published […]
A Missouri bank has been order to pay $5 million in restitution to nearly 21,000 consumers for deceptive marketing practices related to transferring the balance of credit cards, the Federal Reserve said Thursday. The Fed […]
Five new members of its Community Advisory Council (CAC) were announced Thursday by the Federal Reserve Board, each to serve a three-year term beginning next year. The new members are: Juan Bonilla, Deputy Director Lawrence […]
Changes in its stress-testing rules conforming to those already adopted by the Federal Reserve are proposed by the Office of the Comptroller of the Currency (OCC) in a notice to be published Friday (Oct. 27) […]
Simplifying compliance with certain aspects of the capital rule – particularly for non-advanced approaches banking organizations – is the focus of a notice of proposed rulemaking to be issued by the federal banking organizations Friday […]
Repeal of the “Arbitration Agreements” rule under the Congressional Review Act (CRA) is expected to be signed by President Donald Trump within days, following the Senate vote Tuesday (Oct. 24). Under the CRA, once a […]
Promotion of diversity in credit union memberships and workforces is the theme of a Nov. 2 webinar, which will feature a “how to” session for using the voluntary credit union diversity self-assessment tool, the National […]
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