Top headlines in today’s news …
A standardized approach to calculating banks’ exposure to derivative contracts is slated for consideration Nov. 19 open meeting of the board of the federal bank deposit insurer, the agency said Tuesday. The Federal Deposit Insurance […]
HomeStreet Bank of Seattle, Wash., will pay a $1.35 million civil money penalty under a consent order with the Federal Deposit Insurance Corp. (FDIC) related to alleged violations of the Real Estate Settlement Procedures Act […]
Commercial real estate lending holds challenges for the banking industry, particularly as the financial institutions’ exposure to lending in that area is near a record high, the board chairman of the federal insurer of bank […]
A fourth bank was closed in 2019 Friday, the federal insurer of bank deposits said in the early evening, when the City National Bank of New Jersey, with more than $120 million in assets, shuttered […]
Semiannual testimony would be required by the four federal financial institution regulators before Congress under legislation approved by a House committee Thursday. The Prudential Regulator Oversight Act (H.R. 4841), sponsored by Reps. Dean Phillips (D-Minn.) […]
National Credit Union Administration (NCUA) Board Member Todd Harper wants his agency to implement a dedicated consumer compliance exam program for large, complex credit unions, and he’s inviting public input ons the proposal, which would […]
Community banks with less than $10 billion in assets (among other requirements) could qualify for simplified capital requirements under a rule finalized Tuesday by the federal banking regulators. The Federal Deposit Insurance Corp. (FDIC), the […]
A $316 million operating budget – representing an increase of just under 4% from the 2019 spending plan – will be the subject of a Nov. 20 briefing by the federal credit union regulator, the […]
A “phase in” of a court’s ruling allowing expanded credit union membership eligibility got underway Thursday when the federal credit union regulator proposed new rules, despite the banking industry’s vow to continue to try and […]
The timing remains unclear about when the White House will formally nominate a pair of candidates for empty seats on the Federal Reserve Board, the chairman of the Senate Banking Committee said Wednesday. As reported […]
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