A new market practice – zero-dollar request for payment (RFP) – has been defined to support the launch slated next month of the Federal Reserve’s instant-payments FedNow Service, according to a blog post Thursday on […]
A hearing on the president’s nominations of three individuals to Federal Reserve Board terms is scheduled for next Wednesday by the Senate Banking Committee, chaired by Sen. Sherrod Brown (D-Ohio). The Senate on May 15 […]
Federal banking agencies have adopted some of the revisions proposed in February to the call report filed by federally supervised banking organizations but will make those effective as of the Sept. 30, 2023, report date […]
Two workshops covering credit risk and operational risk and targeted to national bank and federal savings association directors are scheduled July 18-19 in Minneapolis by the Office of the Comptroller of the Currency (OCC). The […]
A medical debt collector that in “at least thousands of times” continued efforts to collect on debt that was not substantiated after a consumer disputed the debt’s validity must pay redress plus a $1.675 million […]
Topics of interest to the mutual savings association industry will be discussed publicly during a June 27 advisory committee meeting at the Office of the Comptroller of the Currency (OCC). The OCC’s Mutual Savings Association […]
Updates made in May to the federal deposit insurance agency’s Consumer Compliance Examination Manual (CEM) were announced June 2 and are available on the agency’s website. The Federal Deposit Insurance Corp. (FDIC) CEM provides supervisory […]
Banks in Guam are being encouraged to work with borrowers experiencing difficulties beyond their control because of damage caused by Typhoo Mawar, the federal bank deposit insurance agency said Friday. In a Financial Institution Letter […]
Six of the 65 banks that received their Community Reinvestment Act (CRA) evaluation ratings in March were rated “needs to improve,” while another were deemed to be “outstanding,” the Federal Deposit Insurance Corp. (FDIC) reported […]
Of the 21 banks whose anti-redlining evaluation ratings were made public in May, seven were rated “outstanding” and one was rated “needs to improve,” according to data released Friday by the Office of the Comptroller […]
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