A discussion of “current issues affecting community banking” will be considered by the advisory committee for that segment of the industry to the federal bank deposit insurance agency at a meeting scheduled for July 11. […]
The coming week brings deadlines for comment on a bank leverage capital ratio proposal, the consumer bureau’s inherited regulations “request for information,” a House panel hearing on financial industry “de-risking” and a speech from the […]
An eight-year-old enforcement action against a South Carolina bank holding company has been terminated by the Federal Reserve, the central bank said Friday. First South Bancorp of Spartanburg, S.C., entered into an agreement with the […]
The Treasury secretary has been tasked by the White House to develop recommendations for a revamp of the government’s financial literacy education efforts and to share those recommendations with the Office of Management and Budget […]
Federal financial institution regulator examinations for compliance with “customer due diligence” (CDD) requirements are set to get underway beginning July 1 by at least one regulator – with another planning to follow – for most […]
The nation’s 35 largest bank holding companies (BHCs), which represent some 80% of all U.S. bank assets, are strongly capitalized and would be able to lend to households and businesses during a severe global recession, […]
Setting up a likely hearing at the Supreme Court of the U.S., a federal court in New York ruled Thursday that the structure of Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) […]
Trading revenue of U.S. banks and federal savings associations totaled $8.2 billion in the first quarter, exceeding fourth-quarter 2017 trading revenue by $3.2 billion, or 62.8%, the Office of the Comptroller of the Currency (OCC) […]
In what is a first for the federal regulator of credit unions, a final rule approved Thursday by the agency will subject some community-based federal credit union applications to public hearings. The final rule takes […]
A final rule revising the procedures a federally insured credit union (FICU) must follow to merge voluntarily with another such institution – including how members are notified and what disclosures are necessary about compensation for […]
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