Economic outlooks throughout the Federal Reserve System’s 12 districts remained positive in March and early April, with increasing loan demand, overall, among the findings. But the Fed’s Beige Book survey, which draws its input from […]
Senators voted 51-47 Wednesday to disapprove a rule – adopted five years ago as guidance – outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. The bill now heads to […]
Federal regulators and law enforcement officials announced the unsealing of an indictment of three individuals charged with conspiring to commit bank fraud and aggravated identity theft related to a scheme to obtain more than $700,000 […]
Receivership procedures will end for two banks after nearly eight years, the Federal Deposit Insurance Corp. (FDIC) will announce. The agency noted that the assets of both banking organizations – BC National Banks of Butler, Mo., […]
The Senate was poised Tuesday to disapprove a five-year-old action by the federal consumer financial protection agency outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. Senators voted along party […]
All depository institutions insured by the Federal Deposit Insurance Corp. (FDIC), and those proposed, will be subject to the switch to electronic fingerprinting in the FDIC’s background-check process beginning the second quarter of this year, […]
“The time is ripe” for reforming federal rules mandating bank service to underserved areas, with goals of achieving better outcomes for banks covered by the rules and low- and moderate-income communities, a Federal Reserve governor […]
The Federal Reserve Board’s vice chairman for supervision, urged in a hearing against publishing supervisory stress-test scenarios for banks, told lawmakers that the Fed’s decision will take into account all the comments received on a […]
A proposal to phase in the impact on banks of a new accounting standard for credit losses was approved unanimously for comment by the board of the federal deposit insurer Tuesday, in concert with similar […]
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