The national banking regulator’s financial inclusion program – dubbed Project REACh (Roundtable for Economic Access and Change) – is now under the umbrella of the Office of External Relationships and Strategic Partnerships, the agency’s acting […]
A small federal credit union that was placed into conservatorship in January 2023, and which apparently has a new management team in place, has been returned to the control of its members, its federal regulator […]
An updated “simplified” tool for calculating current expected credit losses (CECL) at smaller credit unions was released Wednesday by their federal regulator, the agency said. The National Credit Union Administration (NCUA) said its Simplified CECL […]
U.S. companies and persons will no longer have to report beneficial ownership information (BOI) to Treasury’s Financial Crimes Enforcement Network (FinCEN) under an interim final rule poised to take effect Wednesday. The interim final rule […]
Data on first-lien residential mortgage loans serviced by seven national banks with large mortgage-servicing portfolios shows a 0.1% improvement in the loans’ fourth-quarter performance from 2023 to 2024, the Office of the Comptroller of the […]
The public meeting of the federal credit union regulator board, set for Thursday (March 27), is now cancelled, according to a notice posted on the agency’s website over the weekend. However, according to recent reporting, […]
Banks’ fourth-quarter trading revenue of $14.8 billion was down 10.6% from the third quarter but up 26.7% from a year ago, the Office of the Comptroller of the Currency (OCC) said in a report Friday. […]
Financial statements for 2024 about the Federal Reserve System – covering the 12 Federal Reserve Banks, the agency board, and one limited liability company (LLC) (consolidated with the Boston bank) – were released Friday by the […]
“Reputation risk” will no longer be an element in examinations by the national bank regulator under a bulletin issued late Thursday by the agency, which also said it had instructed its examiners to stop assessing […]
The “contours of changes” to the federal bank deposit insurance agency “remain unclear” resulting from the series of executive orders from the Trump administration aiming to reduce government size, the agency’s inspector general said in […]
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