Initiatives designed to “improve and modernize” exams and supervision – which aim to replace “outdated, end-of-life examination systems,” among other things – are outlined in the first “letter to credit unions” published by their federal […]
Bank lending standards for financing home and auto purchases remained little changed, but benchmarks for commercial and industrial (C&I) loans were eased, according to results of a second-quarter survey of senior bank loan officers released […]
Ten banks or savings associations earned “outstanding” ratings for their efforts in community reinvestment, and 29 others received ratings of “satisfactory,” according to the performance evaluations for July released Thursday by the federal regulator of […]
The federal bank deposit insurer terminated its receiverships of five banks Aug. 1, the agency says in a notice slated for publication in Tuesday’s Federal Register, stating that as receiver, it “has fulfilled its obligations and […]
The Federal Deposit Insurance Corp. (FDIC) is marking the 25th year of its quarterly publication, FDIC Consumer News, by issuing a special, expanded edition providing a collection of some of its more popular articles dating […]
A Finnish bank has been granted permission to open a New York branch, the Federal Reserve announced late Friday, following the result of a merger between it and a Swedish institution. Nordea Bank Abp (“Nordea […]
Exploring challenges many consumers face in accessing credit, including strategies and innovations for them to pursue in overcoming barriers and expand their credit access, is the aim of a one-day session planned by the federal […]
For the first time this year, a bank received a rating of “substantial non-compliance” for its fulfilment of requirements under federal community reinvestment rules, the federal bank deposit insurance agency reported Friday. The Federal Deposit […]
A final rule adopted by the Federal Reserve Board in June, setting single-counterparty credit limits (SCCLs) for bank holding companies (BHCs) and foreign banking organizations (FBOs) with $250 billion or more in total consolidated assets, […]
The loan interest rate cap for federal credit unions will remain at 18% through March 10, 2020, as a result of action during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. Without […]
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