The federal credit union regulator is continuing its offsite exam and supervision work as a result of the coronavirus crisis but expects to return to issuing examination reports, according to a second letter to credit […]
A revised “Sampling Methodologies” exam guide booklet has replaced versions previously used in examinations of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations, the Office of the Comptroller of […]
A decision Tuesday in a case remanded by the U.S. Supreme Court upheld the Federal Deposit Insurance Corp. (FDIC) as the rightful owner of a failed bank’s $4.1 million tax refund, the FDIC said in […]
Designating military personnel as “low-income” credit union members, announced May 7, requires some changes in how the federal credit union regulator counts those members – but that won’t require federally insured credit unions (FICUs) to […]
Prohibitions from future service in federally insured financial institutions and, in one case, an order of restitution for $111,196, are doled out in consent orders with former employees of banks in Alabama and Tennessee issued […]
A total of 123 banks is on the list for third- and fourth-quarter Community Reinvestment Act (CRA) examinations by the Office of the Comptroller of the Currency (OCC), according to a list released Wednesday. Of […]
Fifty-one percent of people who retired between 1992 to 2014 had income, savings, and/or non-housing assets to maintain the same spending level for five consecutive years after retiring – causing them to make large spending […]
“Best practices” and pitfall avoidance for credit union Bank Secrecy Act (BSA) compliance programs will be discussed during a slated June 17 and hosted by the National Credit Union Administration (NCUA), the agency announced Wednesday. […]
Reading the introductory paragraph of the Federal Reserve’s latest Beige Book, released Wednesday, is like perusing an after-contest report from a football game that went bad nearly all the way around. The Beige Book (an informal […]
Thirty more days to comment on a proposed rule for industrial banks or industrial loan companies (ILCs) supervised by the federal bank deposit insurer is provided in a notice published Wednesday in the Federal Register. […]
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