Heightened business debt – primarily through leveraged lending – is not increasing overall financial stability risks, the Fed’s top regulatory official said Thursday. In a speech, Federal Reserve Board Vice Chairman for Supervision Randal Quarles […]
As it gets ready to propose a revamp of its rules implementing anti-redlining laws, the federal insurer of bank deposits is also readying exams under current rules for more than 500 banks in the second […]
A comment deadline of July 29, or about that date, is slated for a proposed rule issued last week that would increase the amount of public unit and nonmember shares that could be held by […]
A release issued Wednesday by the federal regulator of credit unions affirms the agency’s planned participation in financial industry regulators’ June 18 webinar providing updates to the federal flood insurance rule. The one-hour webinar, set […]
A proclamation permitting national banks, federal savings associations (FSAs), and federal branches and agencies of foreign banks that are affected by severe flooding in the South Central United States to close was issued late Tuesday […]
A civil money penalty of $200,000 and restitution of $36,000 must be paid by a Texas mortgage servicer under the terms of a settlement announced Wednesday by the federal consumer financial protection agency. The Consumer […]
A “draft document for internal discussion” about revamping rules implementing the anti-redlining Community Reinvestment Act (CRA) could be ready within the next week, with a notice of proposed rulemaking possible later this summer, the board […]
Net income at federally insured banks and thrifts was $60.7 billion in the first quarter of this year, up 8.7% (or $4.9 billion) from the same quarter a year earlier, the federal insurer of bank […]
Consumers have reported another scam involving fictitious email messages allegedly initiated by the Office of the Comptroller of the Currency (OCC) or senior officials of the agency regarding funds purportedly under the control of the […]
State loan-to-deposit ratios for 2019 are now public, replacing the 2018 ratios, which help to determine whether a bank may establish or buy a branch (or branches) without triggering prohibitions on doing so primarily for […]
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