The 2019 list of distressed or underserved nonmetropolitan middle-income geographies where banks’ revitalization or stabilization activities can receive Community Reinvestment Act (CRA) consideration under the “community development” definition was released Monday by federal banking regulators. […]
A streamlined version of the quarterly call report will be allowed for banks and thrifts with less than $5 billion assets that do not engage in “certain complex or international activities” under a final rule […]
A financial institution would have greater ability to share confidential supervisory information (CSI) with its affiliates, auditors, state and federal regulators, and others under a proposal issued Friday by the Federal Reserve. In a notice […]
Civil money penalties (CMPs) totaling $5,073 – the largest of them being for $2,665 – were assessed against six federal credit unions in orders executed late last month over late filings of year-end 2018 call […]
A credit union service organization must forgive loans worth $168 million under the terms of a settlement that spans 44 states reached with the federal consumer financial protection agency, the agency announced Friday. The Consumer […]
Credit unions nationwide continued to grow in the first quarter, but that growth was concentrated mostly in larger credit unions and in particular states – with some states showing a retraction in memberships and little […]
There’s a website out there – FDIConnect.com – that bills itself as a consumer-focused provider of FDIC pass-through insurance for bank deposits, but the agency issued a warning Thursday that this website is not affiliated […]
A proposed rule on risk-based capital for credit unions is the sole item on the agenda of the June 20 open meeting of the National Credit Union Administration (NCUA) Board. Whether it’s a proposal to […]
A summary of feedback from 29 roundtable discussions on Community Reinvestment Act (CRA) modernization, hosted by the Federal Reserve System between last October and this January, shows interest among banks and community stakeholders in updates […]
Failures by banks to properly calculate or disclose finance charges, or annual percentage rate for mortgage loans, and other violations under the Truth in Lending Act (TILA, Regulation Z) were the top violations reported last […]
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