Two banks earned the highest rating of “outstanding” for their compliance with anti-redlining laws – but four banks earned the sub-satisfactory scores of “needs improvement,” according to assessments for October released Friday by the federal […]
A long-anticipated notice of proposed rulemaking regarding prohibiting regulators’ use of “reputation risk” is one of two discussion items slated for the Oct. 7 open meeting of the Federal Deposit Insurance Corp. (FDIC) Board meeting. […]
1st Choice Credit Union of Atlanta, Ga., was merged into Hope Federal Credit Union, Jackson, Miss., Thursday following a nearly 15-month conservatorship by the National Credit Union Administration (NCUA). The NCUA on Thursday said the […]
The national bank regulator said the six banks whose anti-redlining Community Reinvestment Act (CRA) ratings became public in September included three with “outstanding” ratings and three “satisfactory.” The list from the Office of the Comptroller […]
Five former credit union workers – including two former chief executives, and three from the same credit union – were prohibited from further service at any federally insured depository institution, the federal credit union regulator […]
Reminding that the agency remains open and federal share insurance remains in effect during the current federal government shutdown, credit unions’ federal regulator Wednesday offered a brief list of how credit unions may prepare for […]
Four federal financial institutions regulators issued a reminder Wednesday to lenders that they are still allowed to make loans subject to federal flood insurance laws when the National Flood Insurance Program (NFIP) is not available, […]
Noting that his agency has a good track record in this area, the chairman of the federal credit union regulator on Wednesday nevertheless issued a “no-regulation-by-enforcement” policy that he said fulfills a goal he listed […]
Citing “more opportunities” available through $3.4 million in a fund for low-income credit unions, their federal regulator Wednesday said more of them should “review their eligibility” for applying for grants. In a release, the National […]
A new general counsel and four others in leadership appointments – one of whom is a veteran of the agency – were announced Friday by the federal bank deposit insurance agency. Three of the appointments […]
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