A long-anticipated notice of proposed rulemaking regarding prohibiting regulators’ use of “reputation risk” is one of two discussion items slated for the Oct. 7 open meeting of the Federal Deposit Insurance Corp. (FDIC) Board meeting. […]
1st Choice Credit Union of Atlanta, Ga., was merged into Hope Federal Credit Union, Jackson, Miss., Thursday following a nearly 15-month conservatorship by the National Credit Union Administration (NCUA). The NCUA on Thursday said the […]
The national bank regulator said the six banks whose anti-redlining Community Reinvestment Act (CRA) ratings became public in September included three with “outstanding” ratings and three “satisfactory.” The list from the Office of the Comptroller […]
Five former credit union workers – including two former chief executives, and three from the same credit union – were prohibited from further service at any federally insured depository institution, the federal credit union regulator […]
Reminding that the agency remains open and federal share insurance remains in effect during the current federal government shutdown, credit unions’ federal regulator Wednesday offered a brief list of how credit unions may prepare for […]
Four federal financial institutions regulators issued a reminder Wednesday to lenders that they are still allowed to make loans subject to federal flood insurance laws when the National Flood Insurance Program (NFIP) is not available, […]
Noting that his agency has a good track record in this area, the chairman of the federal credit union regulator on Wednesday nevertheless issued a “no-regulation-by-enforcement” policy that he said fulfills a goal he listed […]
Citing “more opportunities” available through $3.4 million in a fund for low-income credit unions, their federal regulator Wednesday said more of them should “review their eligibility” for applying for grants. In a release, the National […]
A new general counsel and four others in leadership appointments – one of whom is a veteran of the agency – were announced Friday by the federal bank deposit insurance agency. Three of the appointments […]
The federal credit union regulator said it is no longer using reputation risk “and equivalent concepts” in its examination and supervisory process. The action by the National Credit Union Administration (NCUA), announced Thursday, follows similar […]
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