Regulations imposed by mobile operating systems owned by “big tech” companies can have a significant impact on innovation, consumer choice, and the growth of open and decentralized banking and payments in the U.S., according to […]
Net income at the nation’s banks was down in the second quarter compared to the previous quarter, the federal bank deposit insurance agency said Thursday, adding that net interest margins at banks also fell for […]
The filing instructions guide (FIG) to help financial institutions file Home Mortgage Disclosure Act (HMDA) data collected in 2024 and reported in 2025 is available online now, the federal consumer financial protection agency said Thursday. […]
Phillip N. Jefferson was confirmed as the next vice chair of the Federal Reserve Wednesday by a Senate vote of 88-10. He replaces former Fed Gov. Lael Brainard in the role; Brainard resigned in February […]
A slew of operations and other deficiencies, including deficiencies in compliance with anti-money laundering requirements, are enumerated in a Sept. 1 cease-and-desist consent order with Gardner Bancshares Inc. and its subsidiary Small Business Bank (both […]
Consumer loan balances rose during July and August, most bankers told the Federal Reserve, but other financiers cited mixed experiences in loan demand, according to a report released Wednesday. In its latest Beige Book, the […]
Five ratings of “outstanding” and three of “needs to improve” were issued to banks under the anti-redlining statute in June by the Federal Deposit Insurance Corp. (FDIC), according to information released Tuesday. The September list […]
Separate workshops on compliance and credit risk are set for Oct. 17-18 in Syracuse, N.Y., the national bank regulator said Tuesday. According to the Office of the Comptroller of the Currency (OCC) the workshops are […]
A “secure and efficient” web portal related to anti-redlining and consumer compliance rules was unveiled Tuesday by the federal bank deposit insurance agency, designed to share documents, information and other communications between banks and their […]
A total of $33 billion in commercial real estate (CRE) loans of a failed New York, N.Y., bank – mostly for multifamily residences – is up for sale over the next three months, the federal bank […]
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