A tool credit unions may use in addressing current expected credit losses (CECL) accounting standards has been updated to provide “life-of-loan” factors, the federal regulator said Monday. The Simplified CECL Tool, the National Credit Union […]
The federal bank deposit insurer on Friday said it was providing some regulatory relief for banks to promote recovery in areas of Louisiana affected by Hurricane Francine. Noting the hurricane damage that occurred from Sept. […]
Deposit totals for each of the more than 76,000 domestic offices operated by more than 4,500 FDIC-insured banks are included in the results of the 2024 survey of branch office deposits, the federal insurer of […]
Providing consumers with clearer information about the types of questions that may be better handled by their remittance company before contacting regulators is the aim of a proposed rule issued Friday by the federal consumer […]
Updated September 30, 2024 Final rules on fair hiring and simplification of federal share insurance for trust accounts were approved by the federal credit union regulator board at its meeting Thursday. Incorporated its Second Chance […]
A “toolkit” for complying with reporting requirements of “beneficial ownership information” (BOI) rules – as well reaching out to businesses on reporting – is now available from the U.S. Treasury’s financial crimes enforcement arm. According […]
An alleged scheme to steal bank funds by falsely reporting receipt of counterfeit bills to conceal the theft has earned a former bank employee a prohibition from further work in the banking industry, the national […]
An inadequate information technology inventory, inconsistency in risk reviews and more are flagged in a recent, independent audit of the National Credit Union Administration’s (NCUA) information security program and practices. The agency’s Office of Inspector […]
Federal Reserve Board (FRB) Chair Jerome H. (“Jay”) Powell said Wednesday he stands behind the Basel III endgame changes outlined Sept. 10 by the board’s vice chair for supervision and that he was involved in […]
The percentage of performing mortgages declined slightly in the second quarter from the previous quarter, but remained at levels recorded a year ago, the regulator of national banks said Wednesday. The Office of the Comptroller […]
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