A reissued geographic targeting order (GTO), revised from March, increases the dollar threshold to $1,000 for cash transactions that certain money services businesses (MSB) must report on currency transaction reports (CTRs), Treasury’s financial crimes enforcement […]
Eliminating “politicized or unlawful debanking” in the federal banking system is the subject of two bulletins issued Monday by the national bank regulator in an effort, the agency said, to “end the weaponization of the […]
Ratings assigned to 59 banks in June for their performance under the federal anti-redlining Community Reinvestment Act included two “outstanding” ratings and one “needs to improve,” according to information released Friday by the Federal Deposit […]
Cross-border sharing among financial institutions of the underlying facts, transactions and documents upon which a suspicious activity report (SAR) is based is not the kind of sharing that is prohibited by the Bank Secrecy Act […]
Credit unions saw growth in lending and return on average assets (ROAA) at midyear compared to a year earlier — but also saw loan delinquency rates rise during the same period, according to figures released […]
The federal credit union regulator will no longer include reviews for disparate impact in its examination and supervision of federally insured credit unions, the agency said Thursday. The National Credit Union Administration (NCUA) removed such […]
A “a rare strength in commercial real estate” is being fueled by the surge of data center construction in response to the “push to deploy” artificial intelligence (AI), according to the latest report on economic […]
Banks on the list of Community Reinvestment Act (CRA) performance evaluation ratings that became public in August included nine rated “satisfactory” and two rated “outstanding,” the national bank regulator said. The list, released Tuesday, showed […]
A conference on payments innovation will be hosted by the Federal Reserve Board Oct. 21 and livestreamed for the public, the Fed said Wednesday. The Fed said the conference will bring together a range of […]
The 31 large banks that were subject to this year’s Federal Reserve stress tests will have the same 4.5% minimum capital requirement and a stress capital buffer requirement of at least 2.5% as of Oct. […]
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