Credit unions posted increases across a wide variety of performance metrics in the third quarter, their federal regulator said Friday, compared to the same period one year earlier. Those included, the National Credit Union Administration […]
An update on interpretive guidance on nonbank financial company determinations is among the items on the agenda for the multi-federal financial regulators’ meeting set for next week, the Treasury Department said Friday. The meeting of […]
An estimated 0.9% average price increase for established, mature services such as check clearing, automated clearing house (ACH) transactions and instant payments (among others) will be in effect for 2026, the Federal Reserve said late […]
With check use steadily declining, check fraud rising, and digital payment methods growing in availability and use, the Federal Reserve wants the public to weigh in on the future of Reserve Banks’ check services, the […]
Recission of guidance issued 12 years ago on leveraged lending was announced Friday by two federal banking regulators, who called it “overly restrictive” and impeding banks’ “risk management principles that guide their other business decisions,” […]
Conspiring to delete databases used to store U.S. government information are the charges faced by two Virginia men who had served as federal contractors, federal banking regulators and prosecutors said Wednesday. According to the Federal […]
A former Ohio banker has consented to her prohibition from serving in a financial institution in the future after allegedly obtaining confidential customer information, including debit card information, the Federal Reserve said Wednesday. The Fed […]
Advice to senior national bank regulator officials on significant legal, policy and administrative matters affecting the federal banking system will be among the duties of Brian P. Hudak, named new deputy chief counsel of the […]
Total losses to credit unions’ federal share insurance fund due to credit union failures amounted to about $18.4 million from April through September, according to a recent inspector general semiannual report supplied to Congress. The […]
The Dec. 10 afternoon meeting of the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board (CAB) will be preceded that morning with one addressing fair lending/debanking, according to a notice on the agency’s website. The […]
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