Ratings of “outstanding” went to three out of the 15 banks whose ratings under the anti-redlining Community Reinvestment Act (CRA) were made public in April, the Office of the Comptroller of the Currency reported in […]
Three out of the 56 banks receiving their Community Reinvestment Act (CRA) evaluation ratings in February from the federal deposit insurance agency were deemed “outstanding,” while one was flagged “needs to improve,” according to information […]
Black and Hispanic mortgage borrowers are much more likely to be delinquent or in a forbearance program than white borrowers, and overall complaints about mortgages have increased to the highest level in three years, the […]
Notification letters of federal protections in place to keep tenants in their homes to deal with the coronavirus crisis were sent Monday to the nation’s largest apartment landlords by the Consumer Financial Protection Bureau (CFPB) […]
Senior bank loan officers indicated they eased standards on commercial and industrial (C&I) loans, most categories of residential real estate loans, and three consumer loan categories during the first quarter of this year, the Federal […]
The economy is coming back after the financial impact of the coronavirus crisis, but those holding lower-paying jobs – and particularly Black and Hispanic prime-age workers – continue to have problems finding work, the chair […]
Tom Fite, director of the Indiana Department of Financial Institutions, is now chairman of the State Liaison Committee (SLC) of the umbrella group for federal financial agencies, the group said Monday. Fite will serve a […]
Two Financial Institution Letters (FIL) issued Friday by the federal bank deposit insurer outline series of steps aimed at providing regulatory relief to banks in Alabama and Kentucky affected by severe storms, including straight-line winds […]
Recommendations for the budget process related to the review of stale obligations and human capital benefit program monitoring of employee expense reimbursement submissions related to professional licenses, certifications, and memberships were made in the latest annual […]
Capital and liquidity positions of the nation’s banking system remain “robust,” with bank profitability mostly rebounding to pre-pandemic levels, the Federal Reserve said Friday in its semiannual report on safety and soundness. However, the report […]
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