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 […]
There are 17 recommendations for improvements for the federal credit union regulator’s contracting officer’s representative program (COR) in an inspector general’s report dated Tuesday. The report by the National Credit Union Administration’s (NCUA) Office of […]
The chief executive officer and director of FirstCapital Bank of Texas, N.A., Midland, Texas, was assessed a $25,000 civil money penalty in April over findings he had, among other thigns, repeatedly approved NSF checks by […]
Webinars on federal deposit insurance for banks – held in the wake of the recent failures of three large regional banks, and a resulting special assessment to cover uninsured deposits at those banks – are […]
Banking supervisors are “redoubling their efforts” to assess banks’ preparedness for emerging credit, liquidity, and interest rate risks in the wake of rising interest rates, declining securities values and the recent failure of three large, […]
Federal and state bank regulators are set to host a webinar for banking organizations next Wednesday (May 24) on funding and liquidity risk management, with a Q&A session included. The Federal Deposit Insurance Corp. (FDIC) […]
Deposit insurance coverage, in the wake of recent failures of three large regional banks, was a common theme among federal financial regulators as they testified before a House committee Tuesday. In testimony before the House […]
The three individuals named in the president’s announcement of nominations Friday for filling two current Federal Reserve Board vacancies, including that of vice chair, and his intent to nominate another, current board member for a […]
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