Catastrophic flooding in Texas has prompted the national bank regulator to allow banks in the affected area to close offices, the agency said Monday. The Office of the Comptroller of the Currency (OCC) said it […]
The two most common violations of consumer compliance supervision in 2024 were those related to truth-in-lending and mandatory flood insurance – pretty much the same results reported in 2023 — according to an annual report […]
Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings […]
Economic uncertainty has increased as consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have all had their impact on threats to the banking system, the national bank regulator […]
A Middletown, Ohio, credit union has been closed and its members and their accounts moved to a Cincinnati, Ohio, credit union, the federal regulator said Monday. Butler Heritage Federal Credit Union (FCU) of Middletown was […]
A Santa Anna, Texas, bank was closed late Friday by the national bank regulator, becoming the second bank to fail so far this year. Santa Anna National Bank was closed by the Office of the […]
Easing some capital standards for large banks so the requirements don’t discourage those institutions from engaging in “low-risk” activities was proposed by the three federal banking agencies Friday. In a joint release, the agencies said […]
Restitution of more than $860,000 is being sought by the federal bank deposit insurance agency against a former director at a Texas bank who engaged in a complicated scheme involving multiple accounts held by the […]
Leverage ratio reform, evolution of the capital framework and reforms to the global systemically important bank surcharge framework are all topics featured at next month’s conference on large bank capital requirements, the Federal Reserve said […]
The list of “distressed or underserved nonmetropolitan middle-income geographies” where some bank activities are eligible for credits under anti-redlining regulations was released late Wednesday by the federal banking agencies. The Office of the Comptroller of […]
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