Revenue from overdraft and non-sufficient funds (NSF) fees for banks and other financial institutions was down by nearly half in the last quarter of last year compared to pre-pandemic levels, the federal consumer financial protection […]
A proposed rule that would spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits is out for comment until July 21, according to a notice in Monday’s Federal Register. […]
Higher prices have negatively affected most households and overall financial well-being in 2022 declined over the prior year, though workers continued to benefit from a strong labor market, according to a report issued Monday by […]
An amendment made to the member business loan rule issued by the state of Wisconsin was deemed acceptable for federally insured credit unions last week by the National Credit Union Administration (NCUA) Board. The board […]
The panel that advises the Federal Deposit Insurance Corp. (FDIC) on ways to expand access to banking services for underserved populations is slated to meet Wednesday from 9 a.m. to 4 p.m. Eastern. During the […]
Host state loan-to-deposit (LTD) ratios were issued jointly Friday by the Federal Reserve, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller of the Currency (OCC) in connection with a 1994 statute barring banks […]
The Federal Reserve should not “remotely” analyze a bank and downgrade its ratings without “communication and justification,” a member of the agency’s board told a Texas group Friday. Speaking to the Texas Bankers Association in […]
A former employee of Ally Bank, Detroit, Mich., who took out two coronavirus aid-related Paycheck Protection Program (PPP) loans for herself based on fraudulent claims has been permanently barred from participating in the affairs of […]
The three-member governing board of the federal agency that regulates credit unions is poised to issue a proposed rule on charitable donation accounts during its open meeting May 25. A bit of background: Charitable donation […]
A webinar is planned May 24 about how banks and other market participants can tell their customers about how the elimination of the LIBOR reference rate at the end of the June will affect their […]
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