With about just under nine weeks left for public comments, the Federal Reserve Board’s point person on the agency’s Community Reinvestment Act (CRA) advance notice of proposed rulemaking (ANPR) focused her remarks before a banking […]
Five new members have been named to the Federal Reserve’s Consumer Advisory Council (CAC) and will begin three year-terms in January, the Fed announced Thursday. The CAC includes experts and representatives of consumer, workforce, and […]
The asset-size thresholds that determine what is a “small” or “intermediate small” bank for Community Reinvestment Act examination purposes will increase on Jan. 1 under action announced Thursday by the Federal Reserve and Federal Deposit […]
The first large-scale study by the federal deposit insurer on the state of the nation’s community banks since 2012 was released Wednesday and covers the period from year-end 2011 through year-end 2019. The Federal Deposit […]
U.S. commercial banks and savings associations reported total trading revenue of $9 billion in the third quarter, down $5.7 billion – or 38.9% – from the second quarter, the Office of the Comptroller of the […]
Updates to the Servicemembers Civil Relief Act (SCRA) section of the Consumer Compliance Examination Manual (CEM) of the federal bank deposit insurer were released Tuesday, the agency said in an announcement. The Federal Deposit Insurance […]
The nation’s central bank has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, a group of central banks and supervisory authorities formed in 2017 that supports the […]
Banks and savings institutions reporting small-business lending data under the Community Reinvestment Act (CRA) said they originated and purchased an aggregate $264.9 billion in such loans during 2019, according to data made available Monday by […]
A period of “no-action” relief for certain noncleared legacy swaps affected by “Brexit” – or the United Kingdom’s (UK) withdrawal from the European Union (EU) – and the expiration of certain “passporting” rights was announced […]
The Dec. 17 open meeting of the National Credit Union Administration (NCUA) Board is now a two-day meeting that will wind up Dec. 18 with board action on the agency’s 2021-2022 budget, according to postings […]
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