Declaring that federal banking regulators are intent on improving impact and transparency under the Community Reinvestment Act (CRA), the acting chairman of the Federal Deposit Insurance Corp. (FDIC) in a speech Wednesday briefly noted progress […]
Two banks received “needs to improve” and four received “outstanding” ratings for their compliance with the anti-redlining Community Reinvestment Act (CRA) from the federal bank deposit insurer in August, the agency said Thursday. The remaining […]
An open meeting of the panel that advises the Federal Deposit Insurance Corp. (FDIC) on policy related to the resolution of systemically important financial institutions is scheduled to meet Nov. 9 at 9 a.m., the […]
Noting “concerning” differences in credit unions’ lending to minority members, the board chairman of the federal credit union regulatory agency on Wednesday said credit unions can “and must” do better as an industry. “The differences […]
Ransomware trends in Bank Secrecy Act (BSA) filings from July to December 2021 showed growth in the number and severity of ransomware attacks against U.S. critical infrastructure since late 2020, Treasury’s Financial Crimes Enforcement Network […]
A small uptick in the percentage of credit unions reporting a leadership and organizational commitment to diversity was one of the results reported Tuesday from the 2021 Credit Union Diversity Self-Assessment (CUDSA) Results Report, which […]
The intergovernmental Financial Action Task Force (FATF) this month removed Nicaragua and Pakistan from its list of jurisdictions under increased monitoring related to standards for anti-money laundering, countering the financing of terrorism and others, but […]
More input from the public on large technology firms’ use and policies surrounding the huge amounts of consumer data they hold will be accepted by the Consumer Financial Protection Bureau (CFPB) for 30 days following […]
The federal regulator of credit unions earned just shy of the top “maturity” level rating for its information security program for the fiscal year ending Sept. 30, 2022 – and received four recommendations for strengthening […]
A former New York banker was prohibited from further working at a bank after stealing more than $1.6 million from the institution, the federal insurer of bank deposits said Friday in a report of enforcement […]
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