Legislation

Agency sets one day in March 2025 for new Fedwire Funds message format rather than phase-in period

June 27, 2022 0

In just less than three years, the new message format for the Federal Reserve’s credit transfer service – Fedwire Funds Service – will take effect on a single day, not over three separate phases, the agency said Monday. According to [...]
Rising number of mortgages current, report shows, but foreclosures also on increase

June 27, 2022 0

Nearly 97% of mortgages were current and performing at the end of the first quarter of this year at federal banks and savings associations, up more than two percentage points from the same time a year ago, their regulator said [...]
Bank regulator kicks off 2022 high school internship program for DC students

June 27, 2022 0

Thirty-five new and returning high school students from 11 Washington, D.C., high schools will be hosted this year through a high school scholar internship program, the regulator of national banks said Monday. The Office of the Comptroller of the Currency [...]
Fed bars former bank official who submitted forged loan agreement to support his bid to acquire control

June 24, 2022 0

A consent prohibition against a former institution-affiliated party who allegedly used a forged loan agreement to support his bid to acquire control of Golden Pacific Bankcorp, Inc., a former bank holding company in Sacramento, Calif., was announced Friday by the [...]