Out of 72 banks examined recently for Community Reinvestment Act (CRA) compliance, only one bank was rated “needs improvement” and six were “outstanding,” according to the federal bank deposit insurer’s list of ratings assigned in […]
The application used to seek certification as a community development financial institution eligible for federal grants and technical assistance is slated for revision, and comments are being accepted until Nov. 5. Treasury’s Community Development Financial […]
The National Credit Union Administration (NCUA) on Tuesday said it has selected Robert Foster, to serve as its chief information officer (CIO) beginning Oct. 14. He has served as the agency’s deputy CIO since August […]
Changes to the Regulation CC, implementing the law controlling availability of funds in checking accounts, have been made to the Federal Deposit Insurance Corp.’s (FDIC) Compliance Examination Manual (CEM). According to the FDIC, the chapter […]
Three more personnel actions were revealed by the Federal Deposit Insurance Corp. (FDIC) Tuesday – actions taken earlier this summer – as the agency’s chairman bolstered her staff. In a release, the FDIC said that: In July, […]
Two veterans of the federal insurer of bank deposits have top staff positions by the agency’s chairman, according to a release issued Tuesday. Arleas Upton Kea will serve as the deputy to the chairman and […]
An enforcement order signed in July 2015 with OSB Community Bank (Brooklyn, Mich.), a state-chartered bank with membership in the Federal Reserve System, was terminated on Aug. 30, the Federal Reserve Board announced Tuesday. OSB […]
The federal regulator of credit unions is revising its call report and profile to bring it up to date with recent changes in accounting standards and other modifications in reporting requirements. The National Credit Union […]
The period for comment about proposed changes to the “Volcker Rule” has been extended by one month to Oct. 17, the federal banking regulators (and securities and commodity supervisors) said Tuesday. In a release, the […]
The clock on comments about proposed, new rules on implementing the Community Reinvestment Act (CRA) began Wednesday, with the plan published in the Federal Register. Comments will be taken for 75 days (until Nov. 19). […]
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