A fraud scheme that was allegedly intended to obtain more than $35 million in federally backed business loans from financial institutions through false documents was charged last week against five by a federal grand jury […]
Despite some banks seeing “sizeable declines” in the fair value of some of their fixed-rate assets because of interest rate increases, the nation’s banks are sound overall, and most banks continue to report capital levels […]
A final rule designed to spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits will be considered by the board of the federal bank deposit insurance agency when it […]
A pair of keynote speakers for the 2023 Financial Stability Conference set for Nov. 16-17 in Cleveland have been announced, the Federal Reserve Bank (FRB) of Cleveland and the Treasury’s Office of Financial Research (OFR) […]
Fines and redress of nearly $26 million was assessed Wednesday against one of the largest banks in U.S. for discrimination of Armenian Americans, the federal consumer financial protection agency said. According to the Consumer Financial […]
A new federal credit union (FCU) was chartered in Kentucky, its federal regulator said Wednesday, to serve low- and moderate-income communities in the central part of the state. It is the third FCU chartered in […]
Larger nonbank companies that offer digital payment apps and wallets – including Apple Pay and Google Pay – would be subject to the same rules as banks, including examinations, under a rule proposed Tuesday by […]
Four credit unions have been awarded grants of $100,000 each from their federal regulator in support of “innovative credit union pilot projects,” the agency said Tuesday. The $400,000 in Community Development Revolving Loan Fund (CDRLF) […]
Noting that she did not support a proposal to raise large bank capital requirements, a member of the Federal Reserve Board said Tuesday she would reserve judgment for her support of a draft final rule, […]
Banks reported tighter standards, and weaker demand, for commercial and industrial (C&I) loans to all sizes of firms in the third quarter, the Federal Reserve said Monday in reporting results of a lending survey. The […]
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