The nation’s federally insured credit unions declined in number by 195 to a total of 5,335 as the system’s total assets, loans and membership continued to grow over the 12-month period ending March 31, according […]
Youlei Tang, also known as Alex Tang, on June 4 entered into a consent cease-and-desist order with the Federal Reserve Board over his removal while working at Goldman Sachs Co., New York, of documents containing […]
A fine of $1.75 million was assessed against Freedom Mortgage Corporation, one of the 10 largest Home Mortgage Disclosure Act (HMDA) reporters nationwide, in connection with a settlement announced Wednesday by the Consumer Financial Protection […]
Congress should evaluate through an expert commission the effectiveness of post-crisis regulatory reforms it adopted in 2010, including whether federal regulatory authorities have sufficient flexibility to react to new vulnerabilities, according to a paper released […]
Federal banking agencies’ recent final rule treating liquid and readily marketable, investment-grade municipal obligations as high-quality liquid assets (HQLA) under the liquidity coverage ratio (LCR) rule is noted in a bulletin issued Wednesday by the […]
The latest list of banks evaluated by the Office of the Comptroller of the Currency (OCC) for Community Reinvestment Act (CRA) compliance includes six institutions rated “outstanding” and 27 rated “satisfactory,” the agency said in […]
A federal awards program that encourages banks to increase their community development activities, including through investments in credit unions that are certified as community development financial institutions (CDFIs), will be explained during a June 12 […]
A list of 88 banks examined for Community Reinvestment Act (CRA) compliance and released by the federal bank deposit insurer Wednesday shows 78 banks receiving the rating of “satisfactory” in March, while three were deemed […]
The Federal Reserve Board’s community banking representative is “deeply committed” to the central bank’s dual mandate of maximum employment and price stability, according to her written statement for Wednesday’s Senate Banking Committee hearing on her […]
Federal banking regulators are focusing on three areas for proposing reform of rules implementing anti-redlining laws – but one of those regulators walked back a timeline Tuesday as to when those reform proposals will surface […]
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