Mike McKenna, general counsel for the National Credit Union Administration since 2011, has retired from the agency and will be replaced in “acting” capacity by Frank Kressman while a search for a replacement proceeds, the […]
A final rule issued in October on other real estate owned (OREO) by national banks and federal savings associations (FSAs) will take effect Jan. 1, 2020, instead of Dec. 1, 2019, the Office of the […]
Addressing the effectiveness of integrated disclosures required under federal regulations for real estate transactions is the subject of an assessment to be conducted by the federal consumer financial protection agency, the agency said Wednesday. In […]
The reserve requirement exemption and low reserve tranche established under the Federal Reserve’s Regulation D and applied to banks, savings associations, and credit unions are being adjusted upward by about 4.3% and 3.4%, respectively, for […]
The merger between two banking giants from North Carolina and Georgia was approved by two federal banking agencies Tuesday – but it came at the cost of divestiture of branches and north of $2.4 billion […]
Changes to a capital requirement for banking organizations predominantly engaged in custodial activities were finalized Tuesday by all three federal banking regulators, to take effect April 1, 2020. The rule – which was finalized following […]
An audit of the federal credit union regulator’s schedule of “other assets and contributed capital” – including the National Credit Union Share Insurance Fund (NCUSIF), the NCUSIF asset management estates and the agency’s operating fund – […]
A final rule modifying the treatment of high volatility commercial real estate (HVCRE) exposures as required by last year’s regulatory relief legislation was issued Tuesday by the three federal banking regulators following a vote by […]
A longstanding policy providing relief for individuals with convictions for certain low-risk crimes from seeking waivers in order to get a job at a bank would be converted into regulation under a proposal issued Tuesday. […]
More time to comply with last year’s single-counterparty credit limits rule would apply to a foreign banking organization’s (FBO) combined U.S. operations under a Federal Reserve Board proposal slated for publication in the Federal Register […]
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