Fifty-three of the 57 banks receiving their Community Reinvestment Act (CRA) ratings this May were deemed to have turned in “satisfactory” performance for compliance with the anti-redlining law, according to information released Tuesday by the […]
Three out of the 14 banks whose Community Reinvestment Act (CRA) performance evaluation ratings were publicly available in July were rated “outstanding,” with the remaining 11 rated “satisfactory,” a federal banking regulator said Tuesday. The […]
The public comment period on a proposed rule adding provisions governing funds transfers handled through the coming new FedNow Service of the Federal Reserve Banks was extended from Aug. 10 to Sept. 9 Tuesday by […]
A prohibition of a former bank employee and a civil money penalty assessment against a bank over federal flood insurance violations were announced Tuesday by the Federal Reserve Board. The Fed, in a July 30 […]
Title: Simplification of Deposit Insurance Rules Subject: Deposit insurance; trust accounts Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation is seeking comment on proposed amendments to its regulations governing deposit insurance coverage. […]
A $30,000 civil money penalty (CMP) assessment against a bank related to flood insurance violations and a $35,000 penalty against a former bank employee – who never responded or sought a hearing on the charges […]
People who are insurance experts and want to serve on the Federal Reserve Board’s Insurance Policy Advisory Committee (IPAC) have from Aug. 2 to Oct. 4 to submit their “statements of interest” in being considered, […]
A couple frequently asked questions (FAQs) on the impact of the transition away from LIBOR (London Interbank Offered Rate) on regulatory capital instruments were issued Thursday by the federal agencies that charter banks and thrifts […]
Two new standing repurchase agreement (repo) facilities – a domestic standing repo facility (SRF) and a repo facility for foreign and international monetary authorities (FIMA repo facility) – were created by the Federal Reserve’s monetary […]
An online tool aimed at helping renters and landlords affected by the COVID-19 pandemic find and apply for payment or assistance for rent, utilities, and other expenses was unveiled Wednesday by the federal agency charged […]
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