Following up on its announcement Tuesday of a proposed ruling increasing the threshold for real estate appraisals, the federal insurer of bank deposits Wednesday issued a letter to insured banks and thrifts about the proposal […]
Dollar thresholds have been set at $57,200 for determining exempt consumer credit and lease transactions in 2019, the Federal Reserve and the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) said in […]
Aggregate net income of $62 billion was recorded by federally insured banks and thrifts in the third quarter, with return on average assets of 1.41%, the highest quarterly level reported by the industry since quarterly […]
The federal credit union regulator board will meet 11 times in the new year, and skip an August meeting, according to a scheduled released by the agency Tuesday. The National Credit Union Administration (NCUA) said […]
A proposal to reduce applicability thresholds for regulatory capital requirements and liquidity requirements for banks was issued for comment Tuesday by the Federal Deposit Insurance Corp. (FDIC) Board, but only after a split vote that […]
Eight actions – including a notice of charges against a former credit union chief executive and the closing of the credit union that individual led – are cited as “highlights” by the federal credit union […]
Calling it a “threat to financial stability,” the Federal Reserve Bank of Minneapolis said in a comment letter that it opposes the Federal Reserve Board’s proposal to relax liquidity-related regulations for large banks. The letter […]
Bank and thrift industry earnings for the third quarter will be announced at a Tuesday press briefing scheduled by the Federal Deposit Insurance Corp. (FDIC). FDIC Board Chairman Jelena McWilliams is scheduled to present the […]
Notices of a proposal to expand the scope of financial institutions and firms that file “streamlined” versions of call reports were issued by the three federal banking agencies to the firms they supervise Monday. In […]
A fine of more than $81 million was assessed against a French bank Monday by the Federal Reserve for violations of U.S. sanctions against Cuba. In a release, the Federal Reserve said a fine of […]
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