Seven new members have been named to the advisory committee that provides community banking advice and recommendations on policy and regulatory matters to the federal bank deposit insurance agency, the agency announced Wednesday. The Federal […]
Consumer compliance issues and topics related to regulatory relief legislation enacted last spring will be addressed in an Oct. 25 teleconference sponsored by the federal insurer of bank deposits. In a Financial Institution Letter issued […]
A recent joint agency statement on resource-sharing as a way to better manage Bank Secrecy Act/anti-money laundering (BSA/AML) programs was forwarded individually by regulators to the institutions they supervise – most noting that such collaboration is […]
Federal bank and credit union regulators on Tuesday issued statements and noted resources available to assist institutions in the path of Hurricane Michael, which had grown to a Category 3 storm as it headed toward […]
A webinar providing more information for federally chartered credit unions (FCUs) on recent rule changes affecting membership regulations for the cooperative financial institutions is set for Oct. 24, the federal credit union regulator said Tuesday. […]
Federally chartered credit unions may use a written narrative to meet requirements for expanding their membership scope in a community, as long as the narrative demonstrates the institution’s ability for serve the community and intent […]
A final rule that conforms provisions of the Swap Margin Rule with banking agency rules limiting certain qualified financial contracts (QFCs) has been adopted as proposed and is set to take effect Nov. 9. The […]
Regulators were on stage this past week, discussing initiatives, implementation of the new regulatory relief law, their roles and what they wanted from Congress – among other things – in different venues, but all on […]
A list of state nonmember banks whose Community Reinvestment Act (CRA) ratings were released Friday covers 66 banks across six regions, with all rated as “satisfactory” except for three. The list, released by the Federal […]
Civil money penalties (CMPs) ranging from a low of $150 to a high of $920, with a grand total of $4,133, are to be paid by 10 credit unions that filed late call reports for […]
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