A proposal that would permit reimbursement or direct payment to federal credit union volunteer officials for dependent care was discussed Thursday during an open meeting of the National Credit Union Administration Board, which currently includes […]
The federal liquidity facility for credit unions will have a budget of about $2.032 million in 2026 and $2.093 million in 2027, according to information released Thursday for the federal credit union regulator’s open board […]
Two banks for auto manufacturers Ford and General Motors were both granted deposit insurance, on a conditional basis, by the federal bank deposit insurance agency Thursday; the banks have one year to be established, the […]
A new supervisory appeals office – which will include a banker on its review panels — will be the final level of review of “material supervisory determinations,” independent of divisions that make supervisory determinations, the […]
Resolving “issues affecting the credit union’s operations” was the stated basis for conservation of a small Arkansas credit union late last week, the federal regulator said, and indicated member services would now be provided by […]
Citing “operational constraints,” the federal consumer financial protection agency Friday said it would discontinue as of Jan. 20 an email service alerting users of changes to Home Mortgage Disclosure Amendment (HMDA) requirements, the agency said. […]
Changes to guidelines for appeals of material supervisory determinations (MSDs) will be under consideration by the board of the federal bank deposit insurance agency when it meets Jan. 22, the agency said late Thursday. The […]
Briefings on the 2026-27 budget of the agency’s Central Liquidity Facility (CLF) for credit unions and on a proposed rule on reimbursement of dependent-care expenses are the two items slated for the Jan. 22 open […]
A Union City, Calif., banker – alleged to have embezzled more than $800,000 from a Wells Fargo Bank branch over about eight months to cover bets on foreign exchange — has been prohibited from further […]
A former loan officer of a mortgage lender owned by a Texas bank holding company is now banned from working in a federally insured financial institution for allegedly originating fraudulent mortgage loans of at least […]
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