A former Treasury official, John Crews, was sworn in Monday to a seat on the National Credit Union Administration (NCUA) Board, and he was designated chairman by President Donald Trump, the agency said. Crews, nominated […]
The sole branch of a failed Philadelphia savings bank was scheduled to reopen Monday after its deposits were assumed, and “substantially all” its assets were purchased, by another savings bank in the city, the federal […]
There’s been no news yet of the swearing-in of John Crews to a term on the board of the National Credit Union Administration (NCUA), which is apparently working with all three board seats vacant. Crews, […]
Two more former bank workers have consented to prohibition orders, both for misappropriation of customer funds, the Federal Reserve said Thursday. The one of the prohibitions is for a former employee at Regions Bank, adding […]
Banking regulators are working to complete final rules on the application procedure banks must follow to issue payment stablecoins, with one agency on Wednesday pledging it will have a final rule ready in November. Meanwhile, […]
Exemptions from beneficial ownership reporting by U.S. companies in place under a March 2025 interim rule became final as of Friday, Aug. 14, according to a Federal Register notice. The Aug. 14 notice shows the […]
Losses of nearly $400,000 caused by a check-fraud ring to Regions Bank in Memphis, Tenn., have earned a former bank worker a prohibition by the Federal Reserve, the agency said Thursday. In a release, the […]
“Consistent indicators,” including excessive cash activity conducted along the southwest border of the United States, among other things, are detailed in a report on suspected human smuggling issued Thursday by the Treasury’s financial crimes enforcement […]
Faster approvals of federal deposit insurance for new banks is one of the intentions behind a revised process announced Monday by the federal bank deposit insurance agency. In a release, the Federal Deposit Insurance Corporation […]
The Senate on Friday confirmed John Crews to a seat on the National Credit Union Administration (NCUA) Board for a term that will continue through August. 2, 2031. Crews has served as Treasury’s deputy assistant […]
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