Federally insured credit unions (FICUs) saw growth in total assets of 5.8% ($79 billion) to $1.43 trillion during the 12-month period ending June 30, while lending was up 9.8% ($89 billion) to a total of […]
President Donald Trump’s appointees to each of the four federal bank and credit union regulatory agencies will testify together for the first time during a Senate Banking Committee hearing next week on implementation of the […]
A proposal to reduce capital requirements for global systemically important banks (G-SIBs) would be a serious weakening of post-financial crisis reforms, a member (and former chairman) of the Federal Deposit Insurance Corp. (FDIC) Board said […]
Banks and federal savings associations affected by Tropical Storm Gordon in the Gulf Coast area were allowed Wednesday to close. Under the proclamation issued by the Office of the Comptroller of the Currency (OCC), federal […]
Sterling National Bank of Montebello, N.Y., reports that counterfeit official bank checks using the bank’s routing number of 221472815 are being presented for payment nationwide in connection with a variety of overpayment scams involving online […]
Four information collections under rules of the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) are up for revision, without any change, according to the bureau, which says it’s accepting public comments on […]
The regulatory environment had a generally modest effect on the ability of community banks to make small business loans following the financial crisis, according to a new report. However, the report also asserts that data […]
Bank lending to the oil and gas sector, and an overview of bank credit risk-grading systems, are highlighted in two articles published in the summer edition of Supervisory Highlights Journal, published by the Federal Deposit […]
Some “exceptive relief” for financial institutions from obligations of “beneficial ownership” rules of customer due diligence requirements (CDD) expires Saturday under a recent extension issued by federal law enforcement in August. That is, unless the […]
Out of 72 banks examined recently for Community Reinvestment Act (CRA) compliance, only one bank was rated “needs improvement” and six were “outstanding,” according to the federal bank deposit insurer’s list of ratings assigned in […]
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