The proposed, new rules implementing anti-redlining laws offer banks incentives to invest in and support minority depository institutions (MDIs) and community development financial institutions (CDFIs), the leader of the national regulator of banks said Thursday. […]
The Senate confirmed the chairman of the board of the federal credit union regulator for a new term in office, ending in 2027, on a bipartisan vote of 59-40 Wednesday. National Credit Union Administration (NCUA) […]
The nominee for Federal Reserve vice chair for supervision took an important step Wednesday to being confirmed after a Senate committee recommended him to the full body to take the seat. The Senate Banking Committee […]
A webinar that focuses on challenges faced by small credit unions is scheduled for two weeks from today by the National Credit Union Administration (NCUA), the agency said in an “express” announcement Wednesday. The agency […]
A webinar where credit unions can ask their federal regulator questions about the March 2022 call report cycle, and learn about improvements coming up for the June cycle, is scheduled June 23 and open for […]
Recommendations for contracts linked to a now-defunct reference rate – and which will no longer be of use after June 2023 – were issued Wednesday by a Federal Reserve-sponsored group that developed an alternative rate. […]
A “no action letter” (NAL) has been terminated at the request of the company that initially received it so the firm could change its underwriting and pricing models but not be subject to additional review, […]
Americans, on average, saw an increase in their financial well-being between 2017 and 2020 – likely aided by the government’s COVID-19 response offering varying types of financial and economic assistance – but most of those […]
Credit unions overall saw their assets, loans and savings totals grow in the first quarter, but ongoing challenges will combine to lower earnings, loan growth and credit quality over the rest of the year, their […]
A spreadsheet tool to help smaller banks deal with a new accounting standard on current expected credit losses (CECL) by using the banks’ loan-level data and management assumptions will be released next week by the […]
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