Improving the agency’s information technology (IT) investment management program is the aim of four recommendations from the federal credit union regulator’s inspector general following a recent audit of the agency’s governance of IT initiatives, according […]
Current issues affecting community banking are slated for discussion at the Nov. 3 virtual public meeting of the Federal Deposit Insurance Corp.’s (FDIC) Advisory Committee on Community Banking, the agency says in a notice slated […]
Nine out of the 83 banks that received their Community Reinvestment Act (CRA) evaluation ratings in July were given the rating of “outstanding” by the federal insurer of bank deposits, while two received the rating […]
Of the 16 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in September, four were rated “outstanding” and the rest “satisfactory,” the Office of the Comptroller of the Currency (OCC) said Friday. The […]
A filled-out agenda for next week’s virtual, public meeting of the economic inclusion advisory panel of the federal insurer of bank deposits was released Friday and includes a rundown of the panelists slated to discuss […]
Four former employees of credit unions in North Carolina, Pennsylvania, Florida, and New Jersey were barred from future service in any federally insured financial institution under orders announced Thursday by the federal regulator of credit […]
The Senate on Thursday confirmed Rohit Chopra to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) on a straight, party-line vote of 50-48. Chopra, nominated to the bureau post in February […]
Growth in the consumer credit card market in recent years reversed itself in 2020, with credit card debt falling to $811 billion by the second quarter of 2020 from a 2019 peak of $926 billion […]
A report covering 23% of all residential mortgage debt outstanding showed that 95% of loans were current and performing at the end of the second quarter of this year, up from 91.1% at the end […]
Title: Subordinated Debt Subject: Subordinated debt; secondary capital Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the Subordinated Debt rule, which the Board finalized in December 2020 with an effective date […]
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