The fund that insures member savings in federally insured credit unions had $46.3 million in net income and $19.8 billion in assets in the second quarter of 2021, but the fund’s operating level remained well […]
Three final rules will be taken up – one each from October through December – affecting permissible activities by credit union service organizations (CUSOs), the definition of shared facilities, and the purchase of mortgage servicing […]
Rohit Chopra’s nomination to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) is ready for Senate action following the chamber’s vote Tuesday to discharge the nomination from the Senate Banking Committee. […]
Two booklets issued Wednesday as part of the Comptroller’s Handbook, the national bank regulatory agency’s supervision handbook used by the agency’s examiners, replace booklets published in March 1990 on income and expenses and on regulatory […]
Two advisory committees to the federal insurer of bank deposits – one made up of state financial institution regulators, the other focused on economic inclusion matters – are slated to meet virtually in open session […]
A cease-and-desist order issued Monday requires MUFG Union Bank, N.A., San Francisco, to undergo a series of steps to strengthen its compliance with interagency guidance focused on the protection of customer information. The consent order […]
Title: Community Reinvestment Act Regulations Subject: CRA Agency: OCC Status: Final rule Summary: The Comptroller of the Currency is adopting a final Community Reinvestment Act (CRA) rule that is based largely on the 1995 CRA […]
A $3 million civil money penalty was assessed against Cadence Bank, N.A., of Atlanta, Ga., in late August over findings that the bank engaged in violations of the Fair Housing Act (FHA) and its implementing […]
U.S. commercial banks and savings associations reported $8.1 billion in trading revenue for the second quarter of 2021, down $2.4 billion, or 22.9%, from the first quarter and down $5.6 billion, or 40.9%, from a […]
A report that provides a state-by-state look at second quarter 2021 data from credit unions’ call reports, focusing on median growth trends, was released Wednesday by the federal credit union regulator. The National Credit Union […]
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