Sixty out of the 65 banks that received their evaluation ratings in September under a federal anti-redlining statute were deemed “satisfactory,” according to information released Tuesday by the Federal Deposit Insurance Corp. (FDIC). Of the […]
Three of the 19 banks whose Community Reinvestment Act evaluation ratings became public in November were rated “outstanding” by their federal regulator, according to a release Monday. The Office of the Comptroller of the Currency […]
Nearly 600 banks are scheduled to receive their Community Reinvestment Act (CRA) evaluations sometime during the first or second quarters of 2025, according to schedules released by two regulators. The Office of the Comptroller of […]
Fees the national bank regulator charges supervised banks are going up next year, with a 16% increase planned for rates in the general assessment fee schedule for assets above $40 billion and 2.65% for all […]
Fees for established, mature priced services the Federal Reserve Banks provide to banks and credit unions are rising on average by an estimated 2.8% beginning Jan. 1, excluding FedNow and Fedwire securities priced services, the […]
The budget for the agency’s liquidity facility for credit unions is slated for action during the Nov. 21 open meeting of the National Credit Union Administration (NCUA) Board, which will also receive a credit union […]
Federal credit unions (FCUs) may invest in common stock of the Federal Agricultural Mortgage Corporation, or Farmer Mac, to the extent they must in order to serve as loan originators or sellers in the program, […]
Automation, better communication on process and a process for handling inquiries are recommended for the federal credit union regulator’s chartering process in an inspector general audit report released recently on the agency’s website. The National […]
The $59 million-in-assets Alliance Credit Union of Florida, Gainesville, Fla., was conserved last week by the state’s financial regulator, with the National Credit Union Administration (NCUA) named conservator. No specific reason for the conservatorship was […]
An alert to help financial institutions identify fraud schemes targeting them and that are associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools was issued Wednesday by Treasury’s financial crimes […]
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