Noting that Hurricane Maria caused significant property damage in Puerto Rico and portions of the U.S. Virgin Islands, banks are being encouraged by the Federal Deposit Insurance Corp. (FDIC) to “work constructively with customers experiencing […]
Trading revenue fell 4.9% — or $348 million – during the second quarter at commercial banks and savings associations from the previous quarter, and 4.5% from the second quarter of 2016 (to $6.7 billion from […]
Moving to hinder any “threat to financial stability in times of market stress,” the Federal Deposit Insurance Corp. (FDIC) Board Wednesday adopted a rule on qualified financial contracts (QFCs) to ensure that the compacts do […]
An Indiana real estate settlement services provider was ordered to pay up to $1.25 million and cease illegal practices of steering consumers to a title insurer owned by its executives, the Consumer Financial Protection Bureau […]
The federal fund that insures savings in banks, thrifts and other financial institutions is on target to reach a reserve ratio of 1.35% by next year – more than two years well ahead of its […]
Broad-based income gains across many different types of families were realized between 2013-16, with families lacking a high school diploma and nonwhite and Hispanic families experiencing larger proportional gains in incomes than other families between […]
Simplifying capital rules, particularly provisions related to “high volatility commercial real estate” (HVCRE) is the aim of a notice of proposed rulemaking issued by the Federal Deposit Insurance Corp. (FDIC) board Wednesday. The notice was […]
Credit unions need to take steps in advance to ensure they can implement the new “current expected credit loss” (CECL) accounting standard, even though the new standard doesn’t take effect until Dec. 31, 2021, the […]
The 13 federally insured credit unions in hurricane-ravaged Puerto Rico and the Virgin Islands have access to resources, including grants, the National Credit Union Administration (NCUA) said in a notice Tuesday. The credit union agency […]
Graphic displays key results of CFPB “financial well being” survey, released Sept. 26; for details see: Two in five struggling to make ends meet, bureau finds in ‘financial well-being’ survey PNG version (click here) JPG […]
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