The federal credit union regulator will no longer include reviews for disparate impact in its examination and supervision of federally insured credit unions, the agency said Thursday. The National Credit Union Administration (NCUA) removed such […]
A “a rare strength in commercial real estate” is being fueled by the surge of data center construction in response to the “push to deploy” artificial intelligence (AI), according to the latest report on economic […]
A conference on payments innovation will be hosted by the Federal Reserve Board Oct. 21 and livestreamed for the public, the Fed said Wednesday. The Fed said the conference will bring together a range of […]
Banks on the list of Community Reinvestment Act (CRA) performance evaluation ratings that became public in August included nine rated “satisfactory” and two rated “outstanding,” the national bank regulator said. The list, released Tuesday, showed […]
The 31 large banks that were subject to this year’s Federal Reserve stress tests will have the same 4.5% minimum capital requirement and a stress capital buffer requirement of at least 2.5% as of Oct. […]
After a determination of “imminent insolvency” by its federal regulator, a Maryland credit union was closed late Friday, allowing another credit union in the state to assume the members and shares of the shuttered institution. […]
The national bank regulator is reducing semiannual assessments on supervised institutions slated for Sept. 30, the agency announced Friday. Calling it the fifth such reduction since 2017, the Office of the Comptroller of the Currency […]
A former “senior universal banker” and teller at a Massachusetts bank has been prohibited from further service at a financial institution and ordered to pay a $12,000 civil money penalty (CMP), the federal bank deposit […]
References to “disparate impact” – the result of practices unintentionally having a disproportionate, negative effect on a protected group, including minorities – are now erased from an examination manual issued by the federal bank deposit […]
A former Wisconsin credit union CEO who reportedly caused her credit union losses exceeding $1.7 million is permanently barred from service in any federally insured financial institution, according to a consent order announced Friday by […]
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