Annual “host state loan-to-deposit ratios” (LTDs) – which help in determining whether banks are meeting Community Reinvestment Act (CRA) requirements — were published in a bulletin by the Office of the Comptroller of the Currency […]
Saying that it will be ready to assist credit unions with maintaining or restoring operations if necessary, the National Credit Union Administration (NCUA) Tuesday urged its supervised institutions in the path of Hurricane Maria to […]
A letter alerting Federal Deposit Insurance Corp. (FDIC)-supervised financial institutions to a proposal that would shorten the standard settlement cycle from three to two days for securities purchased or sold has been issued by the […]
A guide intended to be an easy-to-use summary of the Consumer Financial Protection Bureau’s (CFPB) Arbitration Agreements rule — and to highlight information that may be helpful when implementing the rule — has been published […]
Prudent efforts by depository institutions to meet customers’ cash and financial needs affected by Hurricane Irma — when consistent with safe and-sound banking practices — generally will not be subject to examiner criticism, the Federal Deposit […]
Alleging that student loan borrowers were illegally sued for private student loan debt that the companies which made the loans couldn’t prove was owed or was too old to sue over, the Consumer Financial Protection […]
A new federal credit union has been chartered in Colorado to serve members of the American Solar Energy Society, the NCUA announced today. Clean Energy Federal Credit Union of Boulder will serve 4,300 members of […]
The deadline on the Comptroller’s request for comments about revising the “Volcker Rule” on Wednesday is among the top items on the schedule for the week ahead. Also this week: Federal Reserve Board Chairman Janet […]
Actions in six states – Arkansas, Georgia, Missouri, Ohio, Rhode Island and South Dakota – were taken by the Comptroller against national banks or their directors and employees as the summer came to an end, […]
All states reported positive asset, loan and savings growth for credit unions at mid-year, but membership growth continues to be uneven, with larger credit unions continuing to lead in state, while others saw little or […]
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