None of the 19 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in May was rated “needs to improve” or “substantial noncompliance,” the Office of the Comptroller of the Currency (OCC) said Monday. […]
Host state-to-loan-deposit ratios of 98% were recorded by both Arizona and New Jersey in the year ending June 30, 2023, the highest ratios of all the states and territories, the federal banking agencies said Friday. […]
The national bank regulator plans to conduct reviews of 138 banking institutions’ performance under the Community Reinvestment Act (CRA) during the third and fourth quarters of 2024, according to the evaluation schedule released Thursday. The […]
Fictitious correspondence claiming to be from the national bank regulator related to up-front fee scams involving untrue inheritance or beneficiary payouts are being circulated among consumers, the agency warned Wednesday while denying any involvement in […]
Recovery planning guidelines should apply to banks of $100 billion and up in assets, the regulator of national banks said Monday, not just to banks with $250 billion and more. More than five years ago, […]
Action that led to a bank loss of about $688,000 is alleged in an order prohibiting a former staffer at the Philadelphia, Pa., lockbox facility for Wells Fargo Bank, N.A. (Sioux Falls, S.D.) from any […]
The proposed acquisition of Discover Financial Services by a large, Virginia-based banking firm will be considered during a public hearing in about two months, the banks’ federal regulators said late Tuesday. The public comment period […]
Identifying and addressing blockchain risks needs to be addressed by two federal banking regulators, as recommended last year, according to a report issued Tuesday by the congressional watchdog. In separate reports on “open priority recommendations,” […]
Incentive-based compensation arrangements are addressed in a proposal to make those more sensitive to risk was issued – or scheduled to be adopted — Monday by federal banking and credit union regulators, among others. The […]
Managing risks presented to community banks by third-party relationships – especially about development and implementation of management practices – is the aim of a guide issued jointly Friday by the federal banking agencies. The guide, “Third-Party […]
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