feb23 – Regulatory Report

What's up

[ July 23, 2021 ] CRA consideration among possible relief available to MI banks affected by storms, flooding, tornadoes FDIC
[ July 23, 2021 ] Fed publishes 0.15% reserves interest rate The Fed
[ July 22, 2021 ] NCUA-proposed complex credit union leverage ratio framework would require 10% minimum net worth by 2024 NCUA
[ July 22, 2021 ] RFI seeks credit unions’ input on digital assets, related technologies NCUA
[ July 22, 2021 ] Little IL bank, holding company ordered to hire competent bookkeepers The Fed

CU in Warren, Mich., conserved, last reported $84.6 million in assets

February 23, 2018 0

Ukrainian Future Credit Union of Warren, Mich., which last reported having 5,692 members and $84.6 million in assets, was placed into conservatorship today by the director of the Michigan Department of Insurance and Financial Services. […]

Powell to appear one day earlier for House testimony

February 23, 2018 0

Changes in the House schedule have led to a change in the testimony date for the new chairman of the Federal Reserve Board, the House Financial Services Committee said Friday. In a release, Chairman Jeb […]

FDIC

Bank, thrift earnings for 4th quarter, year-end ’17 to be revealed

February 23, 2018 0

Bank and thrift earnings in the fourth quarter 2017 – and all of last year – will be announced at a press briefing Tuesday by the Federal Deposit Insurance Corp. (FDIC). FDIC Board Chairman Martin […]

NCUA-proposed complex credit union leverage ratio framework would require 10% minimum net worth by 2024

July 22, 2021 0

A proposal to make a simplified measure of capital adequacy available to federally insured credit unions defined as “complex” – meaning those with more than $500 million in assets – was released for comment Thursday by unanimous vote of the [...]
RFI seeks credit unions’ input on digital assets, related technologies

July 22, 2021 0

Input on potential and current impacts of the use of digital assets and related technologies – or, said another way, the impacts of distributed ledger technology (DLT, such as blockchain) and decentralized finance (DeFi) – is sought through a request [...]
Little IL bank, holding company ordered to hire competent bookkeepers

July 22, 2021 0

Bookkeeping staffing and other operational deficiencies at an Illinois bank holding company have led the Federal Reserve to issue an enforcement order against it, which includes no payment of dividends to stockholders without supervisors’ prior approval. In the consent order, [...]