The $8 million-in-assets Richmond City Employees Federal Credit Union, Richmond, Ind., was placed in conservatorship Monday by the federal regulator of credit unions, the agency said in a release. The National Credit Union Administration (NCUA), […]
A $2.4 billion 2023 operating budget that will be 6.5% higher than the previous year’s spending plan was approved Tuesday by the board of the federal bank deposit insurance agency. Also at its meeting Tuesday, […]
Differentiating federally insured bank deposits from non-insured savings – for example, from financial products offered by non-federally insured financial firms, such as fintechs – is the aim a rule proposed Tuesday by the federal bank […]
Final action on the federal bank deposit insurer’s 2023 operating budget and, among other things, changes in the agency’s guidelines for appeals of material supervisory determinations are slated for Tuesday’s open board meeting. The Federal […]
Trading revenue at banks was up 22.9%, for $2.4 billion, in the third quarter of this year from the previous quarter, and grew more than 84% higher than the end of the same period in […]
Nonbank financial firms that become subject to local, state, or federal consumer financial protection agency or court orders under laws enforceable by the federal Consumer Financial Protection Bureau (CFPB) would be required to register with […]
Third-quarter data show that federally insured credit unions (FICUs) grew loans $235 billion (19.2%) to a total of $1.46 trillion, and shares and deposits $89 billion (5.6%) to $1.69 trillion, over the 12-month period ending […]
Banks in areas of South Carolina affected by Hurricane Ian in late September to early October are being offered some regulatory relief to help their communities recover from the storm, the federal insurer of bank […]
Action on a proposed 8.1% increase in the agency’s budget for 2023 (and 10% for 2024) and a proposed “financial innovation” rule for credit unions is slated during the Dec. 15 open meeting of the […]
Rising interest rates have adversely affected bank investment portfolios, making the increases among the top risk issues facing the industry, according to a report issued by the national bank regulator Thursday. The Office of the […]
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