People Trust Community Federal Credit Union of North Little Rock, Ark., was closed after about a three-month conservatorship by its federal regulator, becoming the second federally insured credit union closed in 2026. The National Credit […]
Six banks were deemed “outstanding” under the anti-redlining Community Reinvesment Act (CRA), and 15 were “satisfactory,” according to the latest list of rating released by the national bank regulator. The ratings for this batch of […]
Six banks earned ratings of “outstanding” – out of 21 banks evaluated — for their compliance with rules implementing anti-redlining laws, according to April performance evaluations released Monday by the national bank regulator. The remaining […]
No reason for the closure of a Georgia bank on Friday was released by the federal bank deposit insurance agency, except to note that the bank held a substantial sum (relative to its total deposits) […]
Updated to provide deadline for comments. Two interim final actions aimed at preempting an Illinois statute governing non-interest charges and fees, including interchange fees on the tax and tip portion of credit card transactions, were […]
Community banks will have “greater flexibility to use a simpler measure of capital adequacy and reduce regulatory burden” under a final rule issued Thursday by federal banking regulators. According to the agencies, the rule modifies […]
Input from credit unions on how to “enhance and streamline” the agency’s data collections – in particular, through the 5300 Call Report, 5310 Corporate Call Report, and Form 4501A Profile – is being sought by […]
Elevated interest rate risk was the top peril for banks in 2025, the federal bank deposit insurance agency said Thursday, but a changing interest rate environment gave the institutions better net interest margins (NIMs), according […]
Conversion or merger of a credit union into a bank would be made easier for a credit union board to propose and decide under the latest round of deregulation proposals issued by the federal regulator […]
Measures aimed at helping banking institutions and communities in Washington affected by severe storms, straight-line winds, and other damaging events in December was announced Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance […]
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