Empire Financial Federal Credit Union (FCU) of New York, N.Y., a tiny credit union that last reported about $5.12 million in assets and 270 members, on Friday became the first federally insured credit union liquidated […]
The federal regulator of national banks has selected Amanda Freedle to be its next deputy comptroller and chief accountant, effective March 28, the agency announced Friday. Freedle, in her new role, will lead the Office […]
Six new members of the Federal Reserve Board’s Community Advisory Council (CAC), appointed to three-year terms, were announced by the Fed Friday. The CAC includes experts and representatives of consumer, workforce, and community development organizations […]
Five banks earned “outstanding” Community Reinvestment Act (CRA) ratings – but one bank earned a “needs improvement” score – in evaluation ratings issued Friday by the federal insurer of bank deposits. The Federal Deposit Insurance Corp. […]
A proposal raising from $10 billion to $15 billion the asset size of certain federally insured credit unions (FICUs) whose supervision is handled by an office assigned to large, complex institutions is out for public […]
More sanctions on Russian elites and their family members, blocking of certain properties held by them (including yachts and aircraft), and sanctioning of Russian intelligence-directed disinformation outlets were announced Thursday by the Treasury Department’s Office […]
Overall economic outlook over the next six months for business contacts remained stable and generally optimistic in the Federal Reserve’s latest survey, although an “elevated degree of uncertainty” was also highlighted, the agency said Wednesday. […]
The federal bank deposit insurer will accept supervised banks’ voluntary self-assessments of their diversity policies and practices until June 30, the agency said in a letter this week. In its Financial Institution Letter (FIL-09-2022), the […]
Deficiencies in the supply chain risk management (SCRM) activity at the federal insurer of bank deposits – including that the agency failed to identify and list known risks to its chain – are outlined in […]
The implications for the U.S. economy are “highly uncertain” in the wake of the Russian attack on Ukraine, the leader of the Federal Reserve Board said Wednesday, although he also pledged that the agency would […]
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