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What's up
  • [ May 12, 2025 ] Acting CFPB head Vought rescinds 67 guidance documents issued since 2011 CFPB
  • [ May 12, 2025 ] Higher inflation, slow growth, economic uncertainty likely ahead for next year as tariff policies play out, Fed governor expects The Fed
  • [ May 12, 2025 ] Loan demand drops off in Q1 for C&I, CRE, RRE, Fed lending officer survey finds; credit card standards tighten The Fed
  • [ May 12, 2025 ] Agencies jointly issue loan-to-deposit ratios for ’25 used for compliance with interstate banking laws FDIC
  • [ May 8, 2025 ] OCC restores previous merger act rules; comments due in 30 days OCC
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22jan03

FDIC

Brokered deposits rule from last spring triggers 3 FAQs last week of year

January 3, 2022 0

The brokered deposits rule triggered three new “frequently asked questions” (FAQs) from the Federal Deposit Insurance Corp. (FDIC) last week, covering health savings accounts and filing deadlines under two areas. The new FDIC FAQs cover […]

OCC

Scammer(s) sending counterfeit checks using Powell Valley National Bank’s routing number, OCC reports

January 3, 2022 0

Counterfeit checks delivered to potential scam victims via U.S. Postal Service Priority Mail are reportedly circulating with the routing number of Powell Valley National Bank, Big Stone Gap, Va., the national bank regulator said in […]

OCC

OCC, in latest CRA ratings release, calls 7 out of 23 banks ‘outstanding’ under CRA

January 3, 2022 0

Seven of the 23 banks whose Community Reinvestment Act (CRA) ratings were made public in December received the highest possible rating – outstanding – in recent evaluations by the Office of the Comptroller of the […]

NCUA

Credit union regulator merges struggling CA CU, liquidates another, in late/early year actions

January 3, 2022 0

A California credit union serving postal workers, and operating under federal agency conservatorship since November, has been merged into another credit union in the state, it was announced Monday. The National Credit Union Administration (NCUA) […]

FDIC

After McWilliams’ resignation letter, no word from FDIC, White House on what lies ahead for leadership

January 3, 2022 0

Three days after the announcement of the resignation of its board chairman, effective in February, the federal bank deposit insurer was silent on what lies ahead for the leadership of the agency. Also silent: The […]

Today

  • Acting CFPB head Vought rescinds 67 guidance documents issued since 2011

    May 12, 2025 0
    Sixty-seven guidance documents issued by the Consumer Financial Protection Bureau (CFPB) since its inception in 2011 are now rescinded, according to a notice in Monday’s Federal Register. The notice, signed by acting CFPB Director Russell Vought (head of the Office [...]
  • Higher inflation, slow growth, economic uncertainty likely ahead for next year as tariff policies play out, Fed governor expects

    May 12, 2025 0
    Higher inflation, slower growth and economic uncertainty are the catchphrases for the economy going into the next year, largely because of increased tariffs and policy changes for them, a Federal Reserve governor said Monday. Speaking to the International Economic Symposium [...]
  • Loan demand drops off in Q1 for C&I, CRE, RRE, Fed lending officer survey finds; credit card standards tighten

    May 12, 2025 0
    Demand for commercial and industrial (C&I) loans weakened in the first quarter, which was a similar story for many household loans, according to a report issued by the Federal Reserve Monday. In its April 2025 Senior Loan Officer Opinion Survey [...]
  • Agencies jointly issue loan-to-deposit ratios for ’25 used for compliance with interstate banking laws

    May 12, 2025 0
    Host state loan-to-deposit ratios were issued Monday by the three federal banking regulators, which informs banks about how the proportions are used to determine compliance with federal interstate banking laws. The ratios are issued in connection with a 1994 statute [...]
  • OCC restores previous merger act rules; comments due in 30 days

    May 8, 2025 0
    The national bank regulator is restoring its pre-2024 business combinations rule under the Bank Merger Act (BMA), undoing the rule adopted last September and also rescinding its related policy statement. The changes by the Office of the Comptroller of the [...]

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