“Unsafe and unsound practices” at a $162 million-in-assets Jackson, Miss., credit union led to its conservatorship by the federal regulator, the agency said late Wednesday. Jackson Area Federal Credit Union (FCU) counts 15,500-plus members, the […]
The major assets prohibition threshold for credit union management interlocks would be raised to $10 billion – a four-fold increase from the current threshold of $2.5 billion, and matching that of bank regulations – under […]
Eight banks, out of 46 total, earned “outstanding” ratings from the federal bank deposit insurance agency for their compliance with rules implementing anti-redlining laws, the agency said Tuesday. The ratings, the Federal Deposit Insurance Corp. […]
There was no uptick in demand for most loans, and lending standards remained tight, in the first quarter according to survey results released Monday by the Federal Reserve. The agency said results of its April […]
People Trust Community Federal Credit Union of North Little Rock, Ark., was closed after about a three-month conservatorship by its federal regulator, becoming the second federally insured credit union closed in 2026. The National Credit […]
Six banks were deemed “outstanding” under the anti-redlining Community Reinvesment Act (CRA), and 15 were “satisfactory,” according to the latest list of rating released by the national bank regulator. The ratings for this batch of […]
Six banks earned ratings of “outstanding” – out of 21 banks evaluated — for their compliance with rules implementing anti-redlining laws, according to April performance evaluations released Monday by the national bank regulator. The remaining […]
No reason for the closure of a Georgia bank on Friday was released by the federal bank deposit insurance agency, except to note that the bank held a substantial sum (relative to its total deposits) […]
Updated to provide deadline for comments. Two interim final actions aimed at preempting an Illinois statute governing non-interest charges and fees, including interchange fees on the tax and tip portion of credit card transactions, were […]
Community banks will have “greater flexibility to use a simpler measure of capital adequacy and reduce regulatory burden” under a final rule issued Thursday by federal banking regulators. According to the agencies, the rule modifies […]
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