A sale of all of the thousands of loans for taxi medallions is planned by the federal credit union regulator, according to press reports this week. The agency had no comment on the reports. According […]
A decrease of $7.6 billion in net income – about 12% – was recorded by the Federal Reserve in 2019 from the previous year, the agency said Friday, which the central bank attributed mostly to […]
Higher maximum amounts for civil money penalties (CMP), adjusted for inflation, will be in place after Jan. 15 by four federal financial institution regulators, the agencies said in separate notices to be published as early […]
Credit unions’ voluntary assessments of diversity for 2019 are due Jan. 15 to their federal regulator, the agency reminded the financial institutions Friday. According to the National Credit Union Administration (NCUA), the self assessment – […]
Two federal financial regulators were ranked in the upper echelons of “best places to work” in the latest rankings released Thursday – while a third continued to languish in the lowest level. The Federal Deposit […]
The comment period on proposed anti-redlining reform by the federal regulator of national banks and the federal insurer of banks deposits started Thursday and runs to March 9, according to a notice published in the […]
Lax compliance with anti-money laundering (AML) laws have earned an El Paso, Texas, bank an enforcement action from the Federal Reserve, the agency said Thursday. A recent examination of United Bank of El Paso del […]
Following up on a proposal to reform anti-redlining laws (which was published Thursday, with comments due March 9), the regulator of national banks will officially issue a “request for information” (RFI) on the issue Friday. […]
A new guide to minimum procedures for federally insured credit unions using the “other supervisory committee audits” option was issued Wednesday by the institutions’ federal regulator. The National Credit Union Administration (NCUA) said it issued […]
Anti-money laundering (AML) and Bank Secrecy Act (BSA) compliance, consumer financial protection and cybersecurity are at the top of the list for the supervisory priorities of the federal credit union regulator in 2020, the agency […]
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