A regulatory alert last week from the federal credit union regulator notes recent changes in two regulatory exemption thresholds under the Truth in Lending Act (TILA/Regulation Z) and Consumer Leasing Act (CLA/Regulation M) that took […]
The Office of the Comptroller of the Currency (OCC) in late December issued its revised asset-size thresholds for banks defined as “small” and “intermediate small” under regulations implementing the anti-redlining Community Reinvestment Act (CRA). The […]
Community Reinvestment Act (CRA) evaluation ratings from October included three outstandings and 38 satisfactories, according to the results released Tuesday by the Federal Deposit Insurance Corp. (FDIC). The three banks rated outstanding under the anti-redlining […]
Counterfeit checks delivered to potential scam victims via U.S. Postal Service Priority Mail are reportedly circulating with the routing number of Powell Valley National Bank, Big Stone Gap, Va., the national bank regulator said in […]
Seven of the 23 banks whose Community Reinvestment Act (CRA) ratings were made public in December received the highest possible rating – outstanding – in recent evaluations by the Office of the Comptroller of the […]
Nominations of financial institutions, trade groups, and non-federal regulators or law enforcement agencies to the Bank Secrecy Act Advisory Group (BSAAG) are sought by Treasury’s Financial Crimes Enforcement Network (FinCEN), according to a Federal Register […]
Increases in the asset sizes of financial institutions exempt from home mortgage data reporting and from establishing escrows for higher-cost mortgage loans are set to take effect Jan. 1 under final rules of the Consumer […]
A material loss review of the $2.29 million estimated share insurance fund loss due to the failure of Indianapolis’ Newspaper Federal Credit Union earlier this year showed the institution failed due to fraud involving a […]
The “Other Real Estate Owned” (OREO) booklet of the Comptroller’s Handbook has been updated and replaces the booklet issued in September 2020, the Office of the Comptroller of the Currency (OCC) said in a bulletin. […]
Banks that choose to have their capital requirements determined under the voluntary community bank leverage ratio (CBLR) framework will be subject to a 9% CBLR beginning Jan. 1 to continue to qualify for the framework, […]
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