Total losses to credit unions’ federal share insurance fund due to credit union failures amounted to about $18.4 million from April through September, according to a recent inspector general semiannual report supplied to Congress. The […]
Eight banks deemed “outstanding” and 24 “satisfactory” for their performance under the anti-redlining Community Reinvestment Act (CRA) make up the list of institutions whose ratings became public in November, the Office of the Comptroller of […]
A 2% designated reserve ratio (DRR) will continue in 2026 for the Deposit Insurance Fund (DIF for banks, the federal bank deposit insurer said Tuesday. According to a Federal Deposit Insurance Corp. (FDIC) staff memo […]
Insured depository institutions (IDIs) have an additional 21 months to comply with a rule requiring the display of the Federal Deposit Insurance Corp. (FDIC) official sign on their digital deposit-taking channels, according to an agency […]
A final rule easing leverage capital requirements for the largest and most systemically important banking organizations was announced Tuesday by federal regulators and is set to take effect April 1, 2026. Institutions are free to […]
As of Jan. 1, banks with less than $1 billion in consolidated assets will no longer be required to provide federal regulators with annual reports of independent audit findings, according to a final rule announced […]
The federal consumer financial protection agency’s Consumer Advisory Board (CAB) is slated to hold its first open meeting of the year Dec. 10, according to a notice in Monday’s Federal Register. That meeting will include, […]
The board of the federal bank deposit insurance agency has approved Dana T. Wade to be deputy to the chairman and chief of staff, the agency said in a release Monday. Wade will serve as […]
Proposed revisions to the community bank leverage ratio and a final rule on the same for the largest banks – in addition to loss-absorbing capacity – are slated for action Tuesday by the Federal Deposit […]
Growing pressures to weaken bank supervision – to scale back bank examiner coverage, dilute ratings systems, and redefine “unsafe and unsound” – present “real dangers” to the American people, Federal Reserve Board Gov. Michael Barr […]
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