A six-month report to Congress by the inspector general of the federal agency that charters and regulates credit unions gives a few details of the circumstances surrounding three credit union liquidations conducted from last December […]
Revised guidelines that restore the federal bank deposit insurer’s independent, intra-agency appeals process to review material supervisory determinations regarding supervised banks are out for public comment until June 21, according to a Federal Register notice […]
Title: Guidelines for Appeals of Material Supervisory Determinations Subject: Supervisory appeals Agency: FDIC Status: Notice and request for comment Summary: On May 17, 2022, the Federal Deposit Insurance Corporation (FDIC) adopted revised Guidelines for Appeals […]
A Financial Institution Letter (FIL) establishing the process for an insured banking institution or applicant for deposit insurance to request recognition by the federal bank deposit insurer as a minority depository institution (MDI) was announced […]
A final rule issued Thursday governing funds transfers over the Federal Reserve Banks’ FedNow℠ settlement service will take effect in the first quarter following its publication in the Federal Register, according to the draft notice. […]
States’ broad authorities to enforce federal consumer financial protections are affirmed in an interpretive rule issued Thursday by the federal Consumer Financial Protection Bureau (CFPB) and set to take effect upon publication in the Federal […]
A joint public meeting on a proposal by Bank of Montreal, Montreal, Canada, and BMO Harris Bank National Association, Chicago, Ill., to acquire BancWest Holding Inc. and Bank of the West, both of San Francisco, […]
Title: Equal Credit Opportunity (Regulation B); Revocations or Unfavorable Changes to the Terms of Existing Credit Arrangements Subject: ECOA; unfavorable changes to credit terms Agency: CFPB Status: Advisory opinion Summary: The Consumer Financial Protection Bureau […]
John W. Ryan, president and chief executive officer of the State Conference of Bank Supervisors (CSBS), died unexpectedly Monday in Washington, the organization’s board announced Tuesday. The CSBS, it website notes, supports state regulators in […]
A final rule prohibiting any person or organization from making misrepresentations about federal bank deposit insurance or misusing the insurer’s name or logo was approved Tuesday by the Federal Deposit Insurance Corp. (FDIC). The final […]
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