Two banks received “outstanding” ratings for Community Reinvestment Act (CRA) compliance, and two others marked “needs improvement” in their ratings, according to September evaluation results released by the Federal Deposit Insurance Corp. (FDIC) Tuesday. The […]
Jerome H. “Jay” Powell’s nomination to be chairman of the Federal Reserve Board was recommended for confirmation by roll-call vote of the Senate Banking Committee Tuesday, with only Sen. Elizabeth Warren (D-Mass.) casting a “no” […]
An investigation by the Consumer Financial Protection Bureau (CFPB) into the practices of a Virginia-based bail-bonds firm has been suspended, according to a release by the company issued Monday. Nexus Services Inc., of Verona, Va., […]
A $55 million-in-assets credit union in Alabama became the fifth federally insured credit union to be liquidated in 2017; the 11,500 members and their savings and loans were merged into a Louisiana credit union, the […]
Revisions to its Regulation A that would address circumstances in which the Federal Reserve’s monetary policy panel establishes a target range for the federal funds rate rather than a single target rate, and that reflect […]
Completion of a voluntary self-assessment checklist for gauging diversity at credit unions in business practices and hiring is due before Dec. 30 from federally insured credit unions – especially those with 100 or more employees […]
Major challenges due to a changing economy, evolving financial services industry, revisions to regulation and emerging consumer protection will have an impact on the insurance, supervision and receiver programs of the Federal Deposit Insurance Corp. […]
More than 500 banks will receive Community Reinvestment Act (CRA) examinations during the first half of 2018, the Federal Deposit Insurance Corp. (FDIC) announced Thursday, with Illinois seeing the most at 37 over the six-month […]
A capital management tool designed by the Federal Reserve to help banks and other financial institutions to absorb higher losses associated with declining credit conditions will stay at the its current level of 0%, the […]
Jelena McWilliams, the top lawyer for First Third Bank of Cincinnati, and a former Senate Banking Committee staff member, is the nominee as the next chairman of the Federal Deposit Insurance Corp. (FDIC), the White […]
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