Supervisory relief to help banks in areas of Wisconsin and South Dakota affected recent storms has been extended by the federal insurer of bank deposits, the agency said in separate releases Tuesday. In Wisconsin, the […]
The fund that insures member deposits, or “shares,” in credit unions had an equity ratio of 1.28% of insured shares as of June 30, down from 1.3% at year-end 2024, according to a report Thursday. […]
More than $18 trillion in deposits were held by the 4,431 banks and savings institutions insured by the federal deposit insurance agency at midyear, with nearly 83% of that held by the 157 institutions with […]
Updated to provide public comment deadline. The costs to depository institutions of complying with Bank Secrecy Act (BSA) anti-money laundering and countering the financing of terrorism (AML/CFT) requirements are sought in an agency information collection […]
Those interested in airing their views on federal banking regulators’ work considering what regulations might be deemed “outdated” or otherwise “unnecessary” can do so during an Oct. 30 outreach meeting in Kansas City, Mo., the […]
A new principal deputy chief counsel and a new top executive for chartering – a move that “elevates” the chartering function – were announced Tuesday by the national bank regulator. The Office of the Comptroller […]
Helping financial institutions detect and disrupt financially motivated sextortion is the aim of a notice issued Monday by the Treasury’s anti-financial crimes arm. The Financial Crimes Enforcement Network (FinCEN) said the notice “underscores the importance […]
Eliminating “politicized or unlawful debanking” in the federal banking system is the subject of two bulletins issued Monday by the national bank regulator in an effort, the agency said, to “end the weaponization of the […]
A reissued geographic targeting order (GTO), revised from March, increases the dollar threshold to $1,000 for cash transactions that certain money services businesses (MSB) must report on currency transaction reports (CTRs), Treasury’s financial crimes enforcement […]
Credit unions saw growth in lending and return on average assets (ROAA) at midyear compared to a year earlier — but also saw loan delinquency rates rise during the same period, according to figures released […]
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