Third-quarter and fourth-quarter schedules of examinations for banks’ compliance with the anti-redlining Community Reinvestment Act (CRA) were released recently by federal banking regulators. The 1977 statute requires the Office of the Comptroller of the Currency […]
Growing signs of concern in loan performance, capital, and earnings as deposit levels have dropped are among the takeaways cited by the board chairman of the federal credit union regulator as his agency released mid-year […]
A nine-page annual report on the agency ombudsman’s core programs and feedback from credit unions on examinations was released Wednesday by the National Credit Union Administration (NCUA), via an “express” email. The 2023 annual report […]
Public input on operational aspects of the Federal Reserve Banks’ discount window, which provides short-term credit for banks and credit unions, is invited in a request for information (RFI) announced by the Fed Board Thursday. […]
A Washington, D.C.-based consulting firm will “assist and advise” an anti-sexual harassment plan at the federal bank deposit insurance agency, the agency said late Wednesday. The Federal Deposit Insurance Corp. (FDIC) said Boston Consulting Group […]
Earnings of more than $71 billion in the second quarter of 2024 – an 11% increase from the previous quarter – were posted by the nation’s banks, the federal insurer of bank deposits reported Thursday. […]
A public meeting of the national bank regulator’s advisory committee on minority depository institutions (MDIs) is slated for Sept. 24 and will be hosted by the agency in person and virtually, the agency said Wednesday. […]
Awards of more than $3.5 million to 135 low-income designated credit unions were announced Wednesday by the federal credit union regulator. The National Credit Union Administration (NCUA) said the awards, in grants, ranged from $1,100 […]
Two of 54 banks received ratings of “needs improvement” recently for their compliance with anti-redlining rules, the federal insurer of bank deposits said Wednesday. The Federal Deposit Insurance Corp. (FDIC), however, also reported that the […]
More than 24 years in prison were given to a former Kansas bank CEO for his part in embezzling millions through a cryptocurrency scheme at his former institution, which eventually failed last year, the federal […]
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