Treasury’s financial crimes enforcement arm is seeking nominations of eligible organizations – including smaller financial institutions subject to the Bank Secrecy Act (BSA) and entities that can share insights on BSA framework modernization and implementation […]
Even though banks saw their net income drop in the final quarter of 2025, they did report a four-year high return on assets (ROA) ratio of 1.24%, according to fourth quarter numbers released Tuesday by […]
Six credit union deregulation proposals – including ones dealing with issues related to loan commissions and post-election training for new board members – are included in the sixth round of such offerings by the federal […]
Banks will no longer have to file suspicious activity reports (SARs) with the term “SKN Passport” in the narrative for transactions involving investors in the Caribbean nation of St. Kitts and Nevis, the Treasury’s financial […]
Rules implementing the Community Reinvestment Act (CRA), money laundering, banking operations, capital and consumer protection – among others – are all up for public comment at a special hearing set next month by the Federal […]
The “fastest-growing loan segment” – lending to nondepository financial institutions (NDFIs) – expanded at a compounded annual rate of 21.9% from 2010 to 2024, nearly three times as fast as the next fast-growing segment, a […]
A new “appeals board” to decide bank appeals, among other things, would be created under a proposal issued Tuesday by the national bank regulator. The proposal by the Office of the Comptroller of the Currency […]
A requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account has been removed for some banks and credit unions by the Treasury’s financial […]
The federal credit union regulator is increasing its maximum award amount for grants available to low-income-designated credit unions from $7,500 to $15,000, the agency said Friday. The newly chartered and urgent needs grants come from […]
Banking industry consolidation leading to disappearing peer groups for bank examination purposes has led to changes to uniform performance reports by the umbrella group for federal financial regulators, the agency said Friday. The Federal Financial […]
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