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  • [ July 3, 2025 ] Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts FDIC
  • [ July 3, 2025 ] 7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure FDIC
  • [ July 1, 2025 ] NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks NCUA
  • [ July 1, 2025 ] Seven banks – including Bank of China branches – earn top ratings for CRA compliance OCC
  • [ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed
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OCC

OCC rates five banks ‘outstanding’ for CRA, calls 11 ‘satisfactory’

July 2, 2021 0

The regulator of national banks on Friday released Community Reinvestment Act (CRA) evaluation ratings for 16 banks, calling five of them “outstanding” and 11 “satisfactory” for their efforts to comply with the anti-redlining law. The […]

CFPB

COVID-related complaints saw uptick over overdraft fees charged for courtesy advances of EIPs

July 2, 2021 0

Consumer complaints about federal student loans fell off during the coronavirus crisis, but overdraft fees on checking accounts surged due to financial institutions attempting to help consumers have access to economic impact payments (EIPs), according […]

FDIC

Three banks rated ‘outstanding’ for CRA in April, FDIC reports

July 2, 2021 0

Of the 53 banks assigned ratings this April for compliance with the anti-redlining Community Reinvestment Act (CRA), three were deemed “outstanding” and the rest “satisfactory,” according to data released Friday. This is based on the […]

Other

Letter warns of use of LIBOR alternatives that may pose safety, soundness reputational risks

July 2, 2021 0

Adoption or use of some alternative interest rate references to replace the soon-to-be-defunct LIBOR may pose safety and soundness reputational risks, according to a letter sent Thursday to Federal Home Loan Banks (FHLBs) from their federal […]

Today

  • Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts

    July 3, 2025 0
    The two most common violations of consumer compliance supervision in 2024 were those related to truth-in-lending and mandatory flood insurance – pretty much the same results reported in 2023 — according to an annual report issued Thursday by the federal [...]
  • 7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure

    July 3, 2025 0
    Seventy-one banks whose performance ratings under the anti-redlining Community Reinvestment Act (CRA) were announced Thursday were all rated either “outstanding” or “satisfactory,” according to the Federal Deposit Insurance Corp. (FDIC). The information, which the FDIC said became publicly available in [...]
  • NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

    July 1, 2025 0
    A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is the third credit union the [...]
  • Seven banks – including Bank of China branches – earn top ratings for CRA compliance

    July 1, 2025 0
    Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings for compliance with Community Reinvestment [...]

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