A 2015 cease-and-desist order detailing unsafe and unsound practices in the foreign exchange (FX) operations of JPMorgan Chase & Co. (New York), and for which the firm was assessed a $342 million civil money penalty, […]
Federal supervisory names and addresses for notices required by the Community Reinvestment Act (CRA) and Equal Credit Opportunity Act (ECOA) and for posters under the Fair Housing Act are provided in a bulletin issued Thursday […]
A bulletin for banks and examiners that conveys sound risk management principles related to engagement with Small Business Administration (SBA) guaranteed lending programs was issued Thursday by the Office of the Comptroller of the Currency […]
A letter communicating the June extension of the 18% federal credit union loan rate ceiling through March 10, 2023, was issued Thursday by the National Credit Union Administration (NCUA). The NCUA Board voted June 24 […]
While pointing to a strengthening economy, the Fed’s vice chair on Wednesday indicated no plans for the present to slow the Fed’s purchases of Treasury and mortgage-backed securities, adding that any change in purchases will […]
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. […]
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