A former North Carolina banker was prohibited after pleading guilty to alleged embezzlement of more than $33,000, the Federal Reserve said Friday. In a release, the Fed said Mollie Morrow, a former sales representative for […]
Brokered and reciprocal deposits, and a deregulation plan, are on the agenda for a meeting of the one-member board of the federal credit union regulator set for April 9, the agency said late Thursday. The […]
Policies and “executive direction” on federal bank applications, chartering, and corporate activities, policies, processes, and requirements will be set by two executives at the national bank regulator, the agency said Thursday. Jason Almonte and Sebastian […]
A small Pennsylvania credit union was liquidated after the federal regulator found it “was insolvent and had no prospect for restoring viable operations,” the agency said late Wednesday. Copper & Glass Federal Credit Union (FCU) […]
U.S. commercial banks had $14.9 billion in cumulative trading revenue in the fourth quarter of 2025 – down $2.9 billion, or 16.3%, from the previous quarter and $680 million, or 4%, from a year earlier, […]
Theft and bank fraud convictions has led to the prohibition of two former credit union workers, the federal agency announced Tuesday. The National Credit Union Administration (NCUA) said Jacqueline Burns, former employee of Galveston Government […]
Four of the 18 banks that received Community Reinvestment Act (CRA) evaluation ratings in March from the national bank regulator were deemed “outstanding,” with the remaining 14 rated “satisfactory,” according to information released Wednesday. The […]
Violations of truth-in-lending, electronic fund transfer and flood insurance regulations were among the top consumer regulatory abuses reported by bank in 2025, the federal bank deposit insurance agency said Wednesday. In its semi-annual report on […]
Recovery planning guidelines will be rescinded for some large banks under a final rule issued Wednesday by the national bank regulator. The rule takes effect 30 days after its publication in the Federal Register, the […]
No limits on purchase or participation in indirect auto loans serviced by a third party would be imposed on credit unions under a proposal issued by their federal regulator Tuesday. In its so-called “eighth round” […]
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