Five financial institutions earned Community Reinvestment Act (CRA) ratings of “outstanding,” while just one earned a “needs to improve” rating, in evaluations released in November, the Office of Comptroller of the Currency (OCC) reported Tuesday. […]
Bank regulators lauded financial institution “regulatory relief” legislation approved Tuesday by the Senate Banking Committee, the vice chairman of the Federal Deposit Insurance Corp. (FDIC) board offering suggestions for tweaking the measure. The Senate panel […]
A 2013 bulletin about auto lending and compliance with federal credit reporting laws issued by the Consumer Financial Protection Bureau (CFPB) is a general statement of policy and a rule subject the Congressional Review Act (CRA), […]
Risks to stability of the nation’s financial system remain moderate, as the structure is more resilient than it was 10 years ago at the start of the financial crisis; however, new vulnerabilities have emerged, a […]
Two banks received “outstanding” ratings for Community Reinvestment Act (CRA) compliance, and two others marked “needs improvement” in their ratings, according to September evaluation results released by the Federal Deposit Insurance Corp. (FDIC) Tuesday. The […]
Jerome H. “Jay” Powell’s nomination to be chairman of the Federal Reserve Board was recommended for confirmation by roll-call vote of the Senate Banking Committee Tuesday, with only Sen. Elizabeth Warren (D-Mass.) casting a “no” […]
An investigation by the Consumer Financial Protection Bureau (CFPB) into the practices of a Virginia-based bail-bonds firm has been suspended, according to a release by the company issued Monday. Nexus Services Inc., of Verona, Va., […]
A $55 million-in-assets credit union in Alabama became the fifth federally insured credit union to be liquidated in 2017; the 11,500 members and their savings and loans were merged into a Louisiana credit union, the […]
Revisions to its Regulation A that would address circumstances in which the Federal Reserve’s monetary policy panel establishes a target range for the federal funds rate rather than a single target rate, and that reflect […]
Completion of a voluntary self-assessment checklist for gauging diversity at credit unions in business practices and hiring is due before Dec. 30 from federally insured credit unions – especially those with 100 or more employees […]
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